Guideline Value for Q- Block, 17th Street

Q- Block, 17th Street guideline value

The current guideline value of Q- Block, 17th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Mullam village, under the AnnaNagar SRO, and is classified as Residential Special Type - II.

How the guideline value of Q- Block, 17th Street has changed

The guideline value for Q- Block, 17th 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 value significantly rose to Rs 10,500 per sq.ft in 2023, and further increased to the current rate of Rs 11,500 per sq.ft in 2024. The register has no figures for this street in 2002 and 2003.

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

Mullam village has 119 streets under the AnnaNagar SRO, with guideline values ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median guideline value is Rs 11,500 per sq.ft, which is the same as the current value for Q- Block, 17th Street.

• Q- Block, 16th 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, 15th Street: Rs 11,500 per sq.ft (2024)
• Q-Block 3rd MainRoad 3730, 3755,3756, 3793,to 3797: Rs 12,600 per sq.ft (2024)
• Q- Block, 14th Street: Rs 11,500 per sq.ft (2024)
• Q- Block, 4th Main Road 3703, 3704, 3772, 3773, 3782, 3783, 3792: Rs 12,600 per sq.ft (2024)

Stamp duty and registration fee for property in Q- Block, 17th 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, making the total fees Rs 10,35,000. 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 details.

Which Sub Registrar Office covers Q- Block, 17th Street?

The Sub Registrar Office that covers Q- Block, 17th 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Mullam. It serves as a benchmark for determining the minimum price at which a property can be sold or bought for registration purposes.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Q- Block, 17th Street?

The current guideline value of Q- Block, 17th 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 revisions in between. The most significant increase was from Rs 7,035 per sq.ft in 2017 to Rs 10,500 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in Q- Block, 17th Street?

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 the registration for Q- Block, 17th Street?

The registration for Q- Block, 17th Street is handled by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Q- Block, 17th Street?

The land classification for Q- Block, 17th Street is Residential Special Type - II.