Guideline Value for P- Block, 19th Street

P- Block, 19th Street guideline value

The current guideline value for P- Block, 19th 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, 19th Street has changed

The guideline value for P- Block, 19th Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 10,000 per sq.ft. This value increased to Rs 10,500 per sq.ft in 2012, but then saw a significant decrease to Rs 7,035 per sq.ft in 2017. Following this, the value surged to Rs 10,500 per sq.ft in 2023, and finally reached Rs 11,500 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, from 2017 to 2023, there was a notable increase of 49%. The decrease from 2012 to 2017 was 33%, while the increase from 2007 to 2012 was just 5%. Overall, from 2007 to 2024, the guideline value has increased by 15%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mullam

In Mullam village, 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 guideline value for these streets is Rs 11,500 per sq.ft, which is equal to the current value of P- Block, 19th Street.

• P- Block, 18th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 20th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 17th 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, 19th 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, bringing the total to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers P- Block, 19th Street?

The Sub Registrar Office covering P- Block, 19th Street 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 when buying or selling property in Mullam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property transaction occurs, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved. It is essential to refer to the latest guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for P- Block, 19th Street?

The current guideline value for P- Block, 19th 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 various increases and decreases through the years.

What is the classification of land in P- Block, 19th Street?

The land classification for P- Block, 19th Street is Residential Special Type - II.

Where can I find the Sub Registrar Office for P- Block, 19th Street?

The Sub Registrar Office for P- Block, 19th Street is 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 higher of the guideline value or the sale price of the property. It is essential to refer to the current guideline value to determine the applicable fees.