Guideline Value

Corporate

Guideline Value for R- Block, 3rd Main Road 3730, 3755,3756, 3793,to 3797

₹12600/sq.ft.

The guideline value for R- Block, 3rd Main Road 3730, 3755,3756, 3793,to 3797 in Mullam village (Annanagar SRO, Chennai zone) is Rs 12600 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mullam

Village

AnnaNagar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹12600 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹11000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on R- Block, 3rd Main Road 3730, 3755,3756, 3793,to 3797

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R- Block, 3rd Main Road 3730, 3755,3756, 3793,to 3797 guideline value

The current guideline value for R- Block, 3rd Main Road 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, classified as Residential Special Type - I.

How the guideline value of R- Block, 3rd Main Road 3730, 3755,3756, 3793,to 3797 has changed

Starting from the 2007 revision, the guideline value was Rs 11,000 per sq.ft. It increased to Rs 11,500 per sq.ft in 2012, a rise of 5%. However, in 2017, the value decreased to Rs 7,705 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 11,500 per sq.ft, followed by a further rise to Rs 12,600 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 15%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mullam

The guideline values in Mullam vary across 119 streets under the AnnaNagar SRO, ranging from Rs 4,400 to Rs 15,900 per sq.ft, with a median of Rs 11,500 per sq.ft. The guideline value for R- Block, 3rd Main Road is above this median.

Stamp duty and registration fee for property in R- Block, 3rd Main Road 3730, 3755,3756, 3793,to 3797

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, totaling Rs 11,34,000. 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, 3rd Main Road 3730, 3755,3756, 3793,to 3797?

The R- Block, 3rd Main Road 3730, 3755,3756, 3793,to 3797 is covered by 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 critical factor in the registration process when buying or selling property in Mullam. It serves as a baseline for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the government.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers should be aware that the stamp duty and registration fees will be calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for R- Block, 3rd Main Road?

The current guideline value for R- Block, 3rd Main Road 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 seen several changes, starting from Rs 11,000 per sq.ft in 2007, rising to Rs 11,500 in 2012, dropping to Rs 7,705 in 2017, increasing to Rs 11,500 in 2023, and finally reaching Rs 12,600 in 2024.

What is the land classification for this property?

The land classification for R- Block, 3rd Main Road 3730, 3755,3756, 3793,to 3797 is Residential Special Type - I.

What is the registration office for this area?

The registration office covering this area is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Mullam?

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