Guideline Value for P- Block, 17th Street

P- Block, 17th Street guideline value

The current guideline value of P- Block, 17th Street in Mullam village is Rs 11,500 per sq.ft, effective from 1 July 2024. This area falls under the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of P- Block, 17th Street has changed

The guideline value for P- Block, 17th Street has seen 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. However, it dropped to Rs 7,035 per sq.ft in 2017. The value then rose significantly to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%. The revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 15%.

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 is Rs 11,500 per sq.ft, placing P- Block, 17th Street at this median value.

• P- Block, 18th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 19th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 20th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 21th Street: Rs 11,500 per sq.ft (2024)
• P-Block 22nd Street: Rs 11,500 per sq.ft (2024)
• P Block 3rd Avenue Sri Ramadevi Mandir 3703B Church K4 Police Staion: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in P- Block, 17th 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers P- Block, 17th Street?

The Sub Registrar Office that covers P- Block, 17th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 when buying or selling property in Mullam. It determines the minimum value at which property transactions are registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the guideline value serves as a reference point for calculating the applicable charges. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of P- Block, 17th Street?

The current guideline value of P- Block, 17th 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 from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, reflecting an overall increase of 15% over the years.

What are the stamp duty and registration fees for property in P- Block, 17th Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 10,35,000, based on the current guideline value.

Which office handles property registrations for P- Block, 17th Street?

The AnnaNagar Sub Registrar Office is responsible for property registrations in P- Block, 17th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value?

The guideline value is significant as it determines the minimum value for property transactions and is used to calculate the stamp duty and registration fees during the registration process.