Guideline Value for S- Block, 19th Street

S- Block, 19th Street guideline value

The current guideline value for S- Block, 19th Street in Mullam village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of S- Block, 19th Street has changed

The guideline value for S- Block, 19th Street has seen several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it decreased to Rs 7,035 per sq.ft in 2017, marking a significant drop of 33%. From 2017 to 2023, the value rose sharply by 49%, reaching Rs 10,500 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for S- Block, 19th Street in the revisions for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Mullam

In Mullam village, there are 119 streets under the AnnaNagar SRO that carry 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, which is the same as the current guideline value for S- Block, 19th Street.

• S- Block, 18th Street: Rs 11,500 per sq.ft (2024)
• S- Block, 20th Street: Rs 11,500 per sq.ft (2024)
• S- Block, 17th Street: Rs 11,500 per sq.ft (2024)
• S- Block, 21st Street: Rs 11,500 per sq.ft (2024)
• S- Block, 16th Street: Rs 11,500 per sq.ft (2024)
• S- Block, 6th Avenue: Rs 12,100 per sq.ft (2024)

Stamp duty and registration fee for property in S- Block, 19th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to 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, bringing the total charges to Rs 10,35,000. 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 detailed calculations.

Which Sub Registrar Office covers S- Block, 19th Street?

The S- Block, 19th Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific 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 in the registration process when buying or selling property in Mullam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for S- Block, 19th Street?

The current guideline value for S- Block, 19th 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, showing an overall increase of 15% over the years.

What is the land classification for S- Block, 19th Street?

S- Block, 19th Street is classified as Residential Special Type - II under the AnnaNagar SRO.

Where can I find the registration office for S- Block, 19th Street?

The registration office for S- Block, 19th Street 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 1,15,00,000, the stamp duty at 7% would be Rs 8,05,000.