Guideline Value for Q- Block, 13th Street

Q- Block, 13th Street guideline value

The current guideline value for Q- Block, 13th Street in Mullam village, under the AnnaNagar SRO, is Rs 11,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Q- Block, 13th Street has changed

The guideline value for Q- Block, 13th Street has undergone 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 saw a decrease to Rs 7,035 per sq.ft in 2017. The value then rose significantly to Rs 10,500 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 11,500 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it saw a 10% increase. The overall change from 2007 to 2024 reflects a 15% increase in the guideline value.

Guideline values in Mullam

In Mullam village, there are 119 streets under the AnnaNagar SRO, with guideline values ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, which is the same as the current value for Q- Block, 13th Street.

• Q- Block, 14th Street: Rs 11,500 per sq.ft (2024)
• Q- Block, 15th Street: Rs 11,500 per sq.ft (2024)
• Q- Block, 16th Street: Rs 11,500 per sq.ft (2024)
• Q- Block, 17th Street: Rs 11,500 per sq.ft (2024)
• Q- Block, 3rd Avenue 3694A, 3695 to 3700, 3700A, 3701 to 3703, Shanthi Colony: Rs 15,900 per sq.ft (2024)
• Q-Block 3rd MainRoad 3730, 3755,3756, 3793,to 3797: Rs 12,600 per sq.ft (2024)

Stamp duty and registration fee for property in Q- Block, 13th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total 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, bringing the total charges to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Q- Block, 13th Street?

The Sub Registrar Office that covers Q- Block, 13th 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 an essential factor in the registration process of property transactions in Mullam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value at which the property can be registered. This helps in maintaining transparency and compliance with the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Q- Block, 13th Street?

The current guideline value for Q- Block, 13th 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 is the land classification for Q- Block, 13th Street?

Q- Block, 13th Street is classified as Residential Special Type - II.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers Q- Block, 13th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 at a rate of 7%.