Guideline Value for H-Block - 2nd Street

H-Block - 2nd Street guideline value

The current guideline value of H-Block - 2nd Street in Mullam village, under the AnnaNagar SRO, is Rs 11,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of H-Block - 2nd Street has changed

Over the years, the guideline value of H-Block - 2nd Street has seen several revisions. The oldest available revision is from 2007, where the value was Rs 10,000 per sq.ft. In 2012, it rose to Rs 10,500 per sq.ft, but then dropped to Rs 7,035 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 10,500 per sq.ft, which further rose to Rs 11,500 per sq.ft in 2024, reflecting a 10% increase from the previous year.

In terms of percentage changes, from 2017 to 2023, there was a 49% increase, while from 2012 to 2017, the value decreased by 33%. The increase from 2007 to 2012 was 5%. Overall, from 2007 to 2024, the guideline value has increased by 15%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Mullam

In Mullam village, there are 119 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. H-Block - 2nd Street's 2024 guideline value aligns with this median.

• H-Block , 3rd Avenue: Rs 15,900 per sq.ft (2024)
• H-Block, 2nd main road: Rs 12,600 per sq.ft (2024)
• H-Block, 5th Main Road: Rs 12,600 per sq.ft (2024)
• H Block East 4th Street: Rs 11,500 per sq.ft (2024)
• H Block East 5th Street: Rs 11,500 per sq.ft (2024)
• H-Block, Ist Main Road: Rs 12,600 per sq.ft (2024)

Stamp duty and registration fee for property in H-Block - 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total to Rs 10,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers H-Block - 2nd Street?

The Sub Registrar Office that covers H-Block - 2nd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mullam

The guideline value is a crucial factor in the registration process when buying or selling property in Mullam. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable.

When a buyer or seller engages in a transaction, the guideline value serves as a benchmark for calculating the applicable duties, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value for H-Block - 2nd Street?

The current guideline value for H-Block - 2nd Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with various revisions in between, including a drop to Rs 7,035 per sq.ft in 2017.

What is the land classification for H-Block - 2nd Street?

H-Block - 2nd Street is classified as Residential Special Type - II, indicating its designated use for residential purposes.

What are the other streets in Mullam and their guideline values?

Other streets in Mullam include H-Block, 3rd Avenue at Rs 15,900 per sq.ft, H-Block, 2nd main road at Rs 12,600 per sq.ft, and H Block East 4th Street at Rs 11,500 per sq.ft, among others.

Where is the Sub Registrar Office located for H-Block - 2nd Street?

The Sub Registrar Office for H-Block - 2nd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.