Guideline Value for P- Block, 18th Street

P- Block, 18th Street guideline value

The current guideline value for P- Block, 18th Street in Mullam village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of P- Block, 18th Street has changed

The guideline value for P- Block, 18th 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 then decreased to Rs 7,035 per sq.ft in 2017. Following this, the guideline value rose significantly to Rs 10,500 per sq.ft in 2023, and further increased to Rs 11,500 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

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

Guideline values in Mullam

In Mullam village, there are 119 streets under the AnnaNagar SRO that have 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, making the guideline value of P- Block, 18th Street equal to this median.

• P- Block, 17th 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, 18th Street

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, making the total 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, 18th Street?

The P- Block, 18th Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Mullam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value for P- Block, 18th Street?

The current guideline value for P- Block, 18th 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, with various increases and decreases in between.

What is the land classification for P- Block, 18th Street?

P- Block, 18th Street is classified as Residential Special Type - II under the AnnaNagar SRO.

Where can I find the registration office for P- Block, 18th Street?

The registration office for P- Block, 18th 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 Mullam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The rates are typically 7% for stamp duty and 2% for registration fees.