Guideline Value for R- Block, 4th Main Road 3809, 3810, 3865 to 3873, 3895, 3895A

R- Block, 4th Main Road 3809, 3810, 3865 to 3873, 3895, 3895A guideline value

The current guideline value for R- Block, 4th Main Road 3809, 3810, 3865 to 3873, 3895, 3895A 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 R- Block, 4th Main Road 3809, 3810, 3865 to 3873, 3895, 3895A has changed

The guideline value for this street has undergone several revisions over the years. The 2017 revision set the value at Rs 7,705 per sq.ft, which was a decrease of 33% from the Rs 11,500 per sq.ft recorded in the 2012 revision. The 2023 revision increased the value to Rs 11,500 per sq.ft, and the latest 2024 revision has seen a further increase of 10%, bringing the current value to Rs 12,600 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2007 revision, which recorded a value of Rs 11,000 per sq.ft, to the current 2024 value shows an increase of 15%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Mullam

Mullam village has a range of guideline values across its 119 streets under the AnnaNagar SRO, with values ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median guideline value in this area is Rs 11,500 per sq.ft, making the current value of Rs 12,600 per sq.ft for this street above the median.

• R- Block, 3rd Main Road 3730, 3755,3756, 3793,to 3797: Rs 12,600 per sq.ft (2024)
• R- Block, 6th Avenue: Rs 12,100 per sq.ft (2024)
• R- Block, 16th Street: Rs 11,500 per sq.ft (2024)
• R- Block, 6th Main Road 3886 to 3895: Rs 12,600 per sq.ft (2024)
• R- Block, 15th Street: Rs 11,500 per sq.ft (2024)
• R- Block, 14th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in R- Block, 4th Main Road 3809, 3810, 3865 to 3873, 3895, 3895A

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total 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, bringing the total fees together to Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers R- Block, 4th Main Road 3809, 3810, 3865 to 3873, 3895, 3895A?

The Sub Registrar Office that covers R- Block, 4th Main Road 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 a crucial factor in the registration process when buying or selling property in Mullam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value for R- Block, 4th Main Road?

The current guideline value for R- Block, 4th Main Road 3809, 3810, 3865 to 3873, 3895, 3895A 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 significantly from Rs 7,705 per sq.ft in 2017 to Rs 12,600 per sq.ft in 2024, with various revisions in between that reflect increases and decreases in value.

What is the stamp duty rate for properties in R- Block, 4th Main Road?

The stamp duty rate for properties in R- Block, 4th Main Road is 7%, which is calculated based on the higher of the guideline value or the sale price.

What is the registration fee for properties in this area?

The registration fee for properties in R- Block, 4th Main Road is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for R- Block, 4th Main Road?

The Sub Registrar Office for R- Block, 4th Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more details by visiting the provided link.