Guideline Value for P Block 3rd Avenue Sri Ramadevi Mandir 3703B Church K4 Police Staion

P Block 3rd Avenue Sri Ramadevi Mandir 3703B Church K4 Police Staion guideline value

The current guideline value for P Block 3rd Avenue Sri Ramadevi Mandir 3703B Church K4 Police Staion is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Mullam village and falls under the AnnaNagar SRO. The land classification is Commercial Class I Type - I.

How the guideline value of P Block 3rd Avenue Sri Ramadevi Mandir 3703B Church K4 Police Staion has changed

Over the years, the guideline value for this property has seen several revisions. In 2007, the guideline value was Rs 13,500 per sq.ft. This increased to Rs 14,500 per sq.ft in 2012, before decreasing to Rs 9,715 per sq.ft in 2017. The value then rose significantly to Rs 14,500 per sq.ft in 2023, and finally reached Rs 15,900 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was substantial at 49%. The 2012 to 2017 revision showed a decrease of 33%, while the 2007 to 2012 revision had a modest increase of 7%. Overall, from 2007 to 2024, the guideline value has increased by 18%. 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 that carry 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, placing P Block 3rd Avenue's 2024 guideline value above that median.

• P-Block 22nd Street: Rs 11,500 per sq.ft (2024)
• P- Block, 21th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 20th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 19th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 18th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 17th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in P Block 3rd Avenue Sri Ramadevi Mandir 3703B Church K4 Police Staion

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, totaling Rs 14,31,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers P Block 3rd Avenue Sri Ramadevi Mandir 3703B Church K4 Police Staion?

The Sub Registrar Office that covers P Block 3rd Avenue Sri Ramadevi Mandir 3703B Church K4 Police Staion 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 an important factor in the registration process when buying or selling property in Mullam. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When a property is sold, the sale price must be equal to or greater than the guideline value. If the sale price is lower than the guideline value, the higher amount will be used to calculate the applicable fees, ensuring that the government receives the correct revenue from the transaction.

Frequently asked questions

What is the current guideline value for P Block 3rd Avenue Sri Ramadevi Mandir 3703B Church K4 Police Staion?

The current guideline value for P Block 3rd Avenue Sri Ramadevi Mandir 3703B Church K4 Police Staion is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,500 per sq.ft in 2007 to Rs 15,900 per sq.ft in 2024, with various revisions in between, including a decrease and subsequent increases.

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

Other streets in Mullam under the AnnaNagar SRO have a guideline value of Rs 11,500 per sq.ft for the year 2024, which is below the guideline value of P Block 3rd Avenue.

What is the stamp duty for property in P Block 3rd Avenue?

The stamp duty for property in P Block 3rd Avenue is calculated at 7% of the guideline value, which would be Rs 11,13,000 for a 1,000 sq.ft plot at the current rate.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for P Block 3rd Avenue is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more details through the appropriate link.