Guideline Value for Q-Block 3rd MainRoad 3730, 3755,3756, 3793,to 3797

Q-Block 3rd MainRoad 3730, 3755,3756, 3793,to 3797 guideline value

The current guideline value for Q-Block 3rd MainRoad 3730, 3755,3756, 3793,to 3797 is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Mullam village, under the AnnaNagar SRO, and is classified as Residential Special Type - I.

How the guideline value of Q-Block 3rd MainRoad 3730, 3755,3756, 3793,to 3797 has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 11,000 per sq.ft, which increased to Rs 11,500 per sq.ft in 2012. However, it then decreased to Rs 7,705 per sq.ft in 2017. Following this, there was a significant rise to Rs 11,500 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 12,600 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 for this street. The overall change from 2007 to 2024 reflects a 15% increase in the guideline value per sq.ft.

Guideline values in Mullam

The Mullam village has a range of guideline values, with 119 streets under the AnnaNagar SRO carrying a 2024 figure from Rs 4,400 to Rs 15,900 per sq.ft. The median for these streets is Rs 11,500 per sq.ft, and the guideline value for Q-Block 3rd MainRoad is above this median.

• 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)
• Q- Block, 14th Street: Rs 11,500 per sq.ft (2024)
• Q- Block, 13th Street: Rs 11,500 per sq.ft (2024)
• R- Block, 12th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Q-Block 3rd MainRoad 3730, 3755,3756, 3793,to 3797

For a 1,000 sq.ft plot at the current rate of Rs 12,600 per sq.ft, the guideline value would be Rs 1,26,00,000. The stamp duty at 7% would amount to Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, totaling Rs 11,34,000. 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 details.

Which Sub Registrar Office covers Q-Block 3rd MainRoad 3730, 3755,3756, 3793,to 3797?

The Sub Registrar Office that covers Q-Block 3rd MainRoad is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Mullam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Q-Block 3rd MainRoad?

The current guideline value for Q-Block 3rd MainRoad 3730, 3755,3756, 3793,to 3797 is Rs 12,600 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 12,600 per sq.ft in 2024, reflecting an overall increase of 15% over this period.

What is the land classification for this property?

The land classification for Q-Block 3rd MainRoad is Residential Special Type - I.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers Q-Block 3rd MainRoad, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 1,26,00,000, the stamp duty would be Rs 8,82,000 at 7%.