Guideline Value for J-Block - Streets

J-Block - Streets guideline value

The current guideline value for J-Block - Streets 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 J-Block - Streets has changed

The guideline value for J-Block - Streets has undergone several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012, marking a 5% rise. However, it then saw a significant decrease of 33% to Rs 7,035 per sq.ft in 2017. The value rose again to Rs 10,500 per sq.ft in 2023, and most recently, it increased by 10% to reach Rs 11,500 per sq.ft in 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Mullam

Mullam village has a total of 119 streets under the AnnaNagar SRO, with the 2024 guideline values 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 current value for J-Block - Streets. Below are the guideline values for other streets in Mullam:

• J Block East 7 Street: Rs 11,500 per sq.ft (2024)
• J Block East 6th Street: Rs 11,500 per sq.ft (2024)
• J Block East 2nd Street: 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 - Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling Rs 10,35,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J-Block - Streets?

The Sub Registrar Office that covers J-Block - Streets 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 the registration of property transactions in Mullam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the authorities will assess the guideline value to calculate the applicable duties. This ensures that both buyers and sellers are aware of the financial implications associated with property transactions in the region.

Frequently asked questions

What is the current guideline value for J-Block - Streets?

The current guideline value for J-Block - Streets 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, starting from Rs 10,000 per sq.ft in 2007, rising to Rs 10,500 in 2012, dropping to Rs 7,035 in 2017, and increasing to Rs 10,500 in 2023, before reaching Rs 11,500 in 2024.

What are the guideline values for other streets in Mullam?

Other streets in Mullam have varying guideline values, with rates ranging from Rs 4,400 to Rs 15,900 per sq.ft. J-Block - Streets' value of Rs 11,500 per sq.ft matches the median value for the area.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 at a rate of 7%.

Where can I find the Sub Registrar Office for J-Block - Streets?

The Sub Registrar Office covering J-Block - Streets is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more details online.