Guideline Value for R- Block, 13th Street

R- Block, 13th Street guideline value

The current guideline value for R- Block, 13th 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 R- Block, 13th Street has changed

The guideline value for R- Block, 13th Street has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, then decreased to Rs 7,035 per sq.ft in 2017. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft from the 2024 revision.

Between these revisions, there have been notable changes. From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 saw a decrease of 33%. The value rose by 5% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 15%. 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, with the 2024 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 equal to the current value for R- Block, 13th Street.

• R- Block, 12th Street: Rs 11,500 per sq.ft (2024)
• R- Block, 14th Street: Rs 11,500 per sq.ft (2024)
• R- Block, 15th Street: Rs 11,500 per sq.ft (2024)
• R- Block, 16th Street: Rs 11,500 per sq.ft (2024)
• R- Block, 6th Avenue: Rs 12,100 per sq.ft (2024)
• S- Block, 16th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in R- 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 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 cost for these fees Rs 10,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers R- 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 when buying or selling property in Mullam. It serves as a benchmark for determining the minimum value of the property for registration purposes.

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

Frequently asked questions

What is the current guideline value of R- Block, 13th Street?

The current guideline value of R- 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, with various revisions occurring in between.

What is the land classification for R- Block, 13th Street?

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

Where can I find the registration office for this area?

The registration office for R- Block, 13th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Mullam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.