Guideline Value for R- Block, 6th Main Road 3886 to 3895

R- Block, 6th Main Road 3886 to 3895 guideline value

The current guideline value for R- Block, 6th Main Road 3886 to 3895 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, 6th Main Road 3886 to 3895 has changed

The guideline value for this street has undergone 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 saw a decrease to Rs 7,705 per sq.ft in 2017. Following this, the value significantly rose to Rs 11,500 per sq.ft in 2023, and then to the current Rs 12,600 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The change from 2012 to 2017 was a decrease of 33%, while from 2007 to 2012, the increase was 5%. 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 a 2024 guideline value ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, placing R- Block, 6th Main Road 3886 to 3895 above this median.

• R- Block, 6th Avenue: Rs 12,100 per sq.ft (2024)
• R- Block, 4th Main Road 3809, 3810, 3865 to 3873, 3895, 3895A: Rs 12,600 per sq.ft (2024)
• R- Block, 3rd Main Road 3730, 3755, 3756, 3793 to 3797: Rs 12,600 per sq.ft (2024)
• R- Block, 16th Street: Rs 11,500 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, 6th Main Road 3886 to 3895

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, together totaling 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 use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers R- Block, 6th Main Road 3886 to 3895?

The Sub Registrar Office that covers R- Block, 6th Main Road 3886 to 3895 is 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 plays a crucial role in the registration process of property transactions in Mullam. It acts as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it influences the overall cost of the transaction. It is essential to consult the latest figures to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for R- Block, 6th Main Road 3886 to 3895?

The current guideline value for R- Block, 6th Main Road 3886 to 3895 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, with various increases and decreases in between, including a significant rise from Rs 7,705 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2023.

What is the median guideline value in Mullam?

The median guideline value in Mullam is Rs 11,500 per sq.ft, with R- Block, 6th Main Road 3886 to 3895 being above this median at Rs 12,600 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,26,00,000, the stamp duty would be Rs 8,82,000, and the registration fee would be Rs 2,52,000, totaling Rs 11,34,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the AnnaNagar Sub Registrar Office located?

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