Guideline Value for J Block East 6th Street

J Block East 6th Street guideline value

The current guideline value for J Block East 6th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Mullam village, under the AnnaNagar SRO, and is classified as Residential Special Type - II.

How the guideline value of J Block East 6th Street has changed

Over the years, the guideline value for J Block East 6th Street has seen several revisions. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, the value dropped to Rs 7,035 per sq.ft in 2017. The 2023 revision raised it significantly to Rs 10,500 per sq.ft, and the most recent 2024 revision has set the value at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was 5%. Overall, from 2007 to 2024, the guideline value has increased by 15%. The register has no figure for this street in 2002 and 2003.

Guideline values in Mullam

Mullam village has a total of 119 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, which is the same as the 2024 figure for J Block East 6th Street.

• J Block East 7 Street: Rs 11,500 per sq.ft (2024)
• J Block East 2nd Street: Rs 11,500 per sq.ft (2024)
• J-Block - Streets: Rs 11,500 per sq.ft (2024)
• J-Block, 4th Main Road: Rs 12,100 per sq.ft (2024)
• J-Block, 3rd Avenue: Rs 15,900 per sq.ft (2024)
• H-Block, Ist Main Road: Rs 12,600 per sq.ft (2024)

Stamp duty and registration fee for property in J Block East 6th Street

For a 1,000 sq.ft plot at the current rate of Rs 11,500 per sq.ft, the 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, totaling Rs 10,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J Block East 6th Street?

The Sub Registrar Office that covers J Block East 6th 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 information.

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

The guideline value is a crucial factor during property transactions in Mullam. It is used to determine the stamp duty and registration fees applicable when you buy or sell property in the area. Understanding the guideline value helps ensure that all legal requirements are met during the registration process.

When a property is bought or sold, the guideline value serves as a reference point for calculating the financial obligations associated with the transaction. Buyers and sellers must be aware of these values to ensure compliance with local regulations and avoid any potential disputes.

Frequently asked questions

What is the current guideline value for J Block East 6th Street?

The current guideline value for J Block East 6th 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 several times, with the most recent increase being from Rs 10,500 per sq.ft in 2023 to Rs 11,500 per sq.ft in 2024, a 10% rise. Overall, from 2007 to 2024, the value has increased by 15%.

What is the classification of J Block East 6th Street?

J Block East 6th Street is classified as Residential Special Type - II under the AnnaNagar SRO.

Where can I find the registration office for J Block East 6th Street?

The registration office covering J Block East 6th Street 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 J Block East 6th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 10,35,000.