Guideline Value for H-Block, Ist Main Road,

H-Block, Ist Main Road, guideline value

The current guideline value of H-Block, Ist Main Road, Mullam village, under the AnnaNagar SRO is Rs 12,600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of H-Block, Ist Main Road, has changed

The guideline value for H-Block, Ist Main Road, has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 11,500 per sq.ft. This was followed by a decrease to Rs 7,705 per sq.ft in 2017. The value then increased significantly to Rs 11,500 per sq.ft in 2023, and the most recent revision in 2024 saw it rise to Rs 12,600 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%. The 2023 to 2024 revision reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mullam

In Mullam, there are 119 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, making the current value of H-Block, Ist Main Road, above that median.

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

Stamp duty and registration fee for property in H-Block, Ist Main Road,

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total guideline value would be Rs 1,26,00,000. The stamp duty at 7% would amount to Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, making the total cost Rs 11,34,000. It is important to note that the 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, Ist Main Road,?

The Sub Registrar Office that covers H-Block, Ist Main Road, 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 property transactions in Mullam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration fees and stamp duties are calculated based on the guideline value.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of H-Block, Ist Main Road?

The current guideline value of H-Block, Ist Main Road, is Rs 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,500 per sq.ft in 2012 to Rs 7,705 per sq.ft in 2017, then to Rs 11,500 per sq.ft in 2023, and finally to Rs 12,600 per sq.ft in 2024.

What is the land classification for H-Block, Ist Main Road?

The land classification for H-Block, Ist Main Road, is Residential Special Type - I.

Where can I find the registration office for H-Block, Ist Main Road?

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

How is the stamp duty calculated for properties in H-Block?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.