Guideline Value for J-Block, 4th Main Road

J-Block, 4th Main Road guideline value

The current guideline value for J-Block, 4th Main Road, Mullam village, under the AnnaNagar SRO is Rs 12,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of J-Block, 4th Main Road has changed

The guideline value for J-Block, 4th Main Road has seen several revisions over the years. In 2007, the value was Rs 11,000 per sq.ft, which remained unchanged until the next revision in 2012, where it was again Rs 11,000 per sq.ft. However, in 2017, the value decreased to Rs 7,370 per sq.ft. Following this, there was a significant increase to Rs 11,000 per sq.ft in 2023, and the latest revision in 2024 raised it to Rs 12,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 10%. The changes between the revisions include a 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mullam

In Mullam, there are 119 streets under the AnnaNagar SRO with a guideline value for 2024 ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, placing J-Block, 4th Main Road above this median.

• J-Block, 3rd Avenue: Rs 15,900 per sq.ft (2024)
• J Block East 2nd Street: Rs 11,500 per sq.ft (2024)
• J Block East 6th Street: Rs 11,500 per sq.ft (2024)
• J Block East 7 Street: Rs 11,500 per sq.ft (2024)
• J-Block - Streets: 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 J-Block, 4th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value would be Rs 1,21,00,000. The stamp duty at 7% would amount to Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, totaling Rs 10,89,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers J-Block, 4th Main Road?

The Sub Registrar Office that covers J-Block, 4th 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 when registering property in Mullam. It serves as a benchmark for determining the stamp duty and registration fees applicable during a property transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the necessary fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and fairly within the local real estate framework.

Frequently asked questions

What is the current guideline value for J-Block, 4th Main Road?

The current guideline value for J-Block, 4th Main Road is Rs 12,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,000 per sq.ft in 2007 to Rs 12,100 per sq.ft in 2024, with notable revisions in 2017 and 2023.

What is the median guideline value for streets in Mullam?

The median guideline value for the 119 streets in Mullam under the AnnaNagar SRO is Rs 11,500 per sq.ft.

What are the stamp duty rates for property in J-Block, 4th Main Road?

The stamp duty rate for property transactions in J-Block, 4th Main Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for J-Block, 4th Main Road located?

The Sub Registrar Office for J-Block, 4th Main Road is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.