Guideline Value for P- Block, 20th Street

P- Block, 20th Street guideline value

The current guideline value for P- Block, 20th 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, 20th Street has changed

The guideline value for P- Block, 20th Street has seen several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, but then decreased to Rs 7,035 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 10,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. The change from 2012 to 2017 was a decrease of 33%. Overall, from 2007 to 2024, the guideline value has increased by 15%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mullam

Mullam village has a total of 119 streets under the AnnaNagar SRO, with 2024 guideline values 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, which is the same as the guideline value for P- Block, 20th Street.

• P- Block, 19th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 21th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 18th Street: Rs 11,500 per sq.ft (2024)
• P- Block, 22nd Street: Rs 11,500 per sq.ft (2024)
• P- Block, 17th Street: Rs 11,500 per sq.ft (2024)
• P Block 3rd Avenue Sri Ramadevi Mandir 3703B Church K4 Police Station: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in P- Block, 20th 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. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers P- Block, 20th Street?

The Sub Registrar Office that covers P- Block, 20th 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 plays a crucial role in property transactions in Mullam. It is used to determine the stamp duty and registration fees when buying or selling property. The buyer must pay the applicable fees based on the higher of the guideline value or the sale price.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, reflecting the current market conditions as per the local regulations. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value for P- Block, 20th Street?

The current guideline value for P- Block, 20th 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, marking an overall increase of 15% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

Which office handles property registrations for P- Block, 20th Street?

The AnnaNagar Sub Registrar Office handles property registrations for P- Block, 20th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value determined in Mullam?

The guideline value in Mullam is determined based on various factors and is revised periodically by the Registration Department. It reflects the current market conditions and is used for calculating stamp duty and registration fees during property transactions.