Guideline Value for Q- Block, 6th Avenue 3694, 3694 SP, 3718 to 3729

Q- Block, 6th Avenue 3694, 3694 SP, 3718 to 3729 guideline value

The current guideline value for Q- Block, 6th Avenue 3694, 3694 SP, 3718 to 3729 is Rs 12,100 per sq.ft, effective from 1 July 2024. This property is located in Mullam village and falls under the AnnaNagar SRO. The land classification is Residential Class I Type - I.

How the guideline value of Q- Block, 6th Avenue 3694, 3694 SP, 3718 to 3729 has changed

The guideline value for this street has seen several revisions over the years. In 2007, the guideline value was Rs 11,000 per sq.ft. This remained unchanged until the 2012 revision, which also recorded Rs 11,000 per sq.ft. However, in 2017, the value increased to Rs 7,370 per sq.ft, marking a significant drop of 33%. The 2023 revision brought the value back up to Rs 11,000 per sq.ft, and the latest 2024 revision has further increased it to Rs 12,100 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mullam

In Mullam, 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 value for these streets is Rs 11,500 per sq.ft, placing Q- Block, 6th Avenue 3694, 3694 SP, 3718 to 3729 above that median.

• Q- Block, 4th Main Road 3703, 3704, 3772, 3773, 3782, 3783, 3792: Rs 12,600 per sq.ft (2024)
• Q-Block 3rd MainRoad 3730, 3755,3756, 3793,to 3797: Rs 12,600 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, 17th Street: Rs 11,500 per sq.ft (2024)
• Q- Block, 16th Street: Rs 11,500 per sq.ft (2024)
• Q- Block, 15th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Q- Block, 6th Avenue 3694, 3694 SP, 3718 to 3729

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value would be Rs 1,21,00,000. The stamp duty at 7% would amount to Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, bringing the total fees together to Rs 10,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Q- Block, 6th Avenue 3694, 3694 SP, 3718 to 3729?

The Sub Registrar Office that covers this area 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 details.

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 the basis for calculating stamp duty and registration fees, which are mandatory costs associated with buying or selling property.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Q- Block, 6th Avenue 3694, 3694 SP, 3718 to 3729?

The current guideline value for Q- Block, 6th Avenue 3694, 3694 SP, 3718 to 3729 is Rs 12,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,000 per sq.ft in 2007 to Rs 12,100 per sq.ft in 2024, with various revisions in between, including a drop to Rs 7,370 per sq.ft in 2017.

What are the other streets in Mullam with their guideline values?

Other streets in Mullam include Q- Block, 4th Main Road at Rs 12,600 per sq.ft, Q- Block 3rd MainRoad at Rs 12,600 per sq.ft, and Q- Block, 3rd Avenue at Rs 15,900 per sq.ft, among others.

What fees are associated with buying property in Q- Block, 6th Avenue?

When buying property in Q- Block, 6th Avenue, buyers must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this area?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.