Guideline Value for P- Block, 21th Street

P- Block, 21th Street guideline value

The current guideline value for P- Block, 21th Street is Rs 11,500 per sq.ft. This street is located in Mullam village, under the AnnaNagar SRO, and is classified as Residential Special Type - II.

How the guideline value of P- Block, 21th Street has changed

The guideline value for P- Block, 21th Street has undergone several revisions over the years. The earliest available figure is from the 2007 revision, which was Rs 10,000 per sq.ft. This value increased to Rs 10,500 per sq.ft in 2012, followed by a decrease to Rs 7,035 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 10,500 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2017 to 2023, the value increased by 49%. The changes from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was 5%. Overall, from 2007 to 2024, the guideline value has increased by 15%. The register has no figures for the years 2002 and 2003.

Guideline values in Mullam

Mullam village has 119 streets under the AnnaNagar SRO, with a 2024 guideline value range from Rs 4,400 to Rs 15,900 per sq.ft. The median guideline value is Rs 11,500 per sq.ft, which is equal to the current value for P- Block, 21th Street.

• P- Block, 20th Street: Rs 11,500 per sq.ft (2024)
• P-Block 22nd Street: Rs 11,500 per sq.ft (2024)
• P- Block, 19th 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)
• 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, 21th 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 be 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 duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers P- Block, 21th Street?

The Sub Registrar Office that covers P- Block, 21th 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mullam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value is often considered the minimum value for the property, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer and seller must agree on a sale price, which could be higher than the guideline value. In such cases, the stamp duty will be calculated based on the higher amount, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value for P- Block, 21th Street?

The current guideline value for P- Block, 21th Street is Rs 11,500 per sq.ft as per the 2024 revision.

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, 21th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 10,35,000.

Which office handles the registration for P- Block, 21th Street?

The AnnaNagar Sub Registrar Office handles the registration for P- Block, 21th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for P- Block, 21th Street?

P- Block, 21th Street is classified as Residential Special Type - II, indicating its intended use for residential purposes.