Guideline Value for S- Block, 20th Street

S- Block, 20th Street guideline value

The current guideline value of S- Block, 20th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Mullam village and falls under the AnnaNagar SRO with a land classification of Residential Special Type - II.

How the guideline value of S- Block, 20th Street has changed

The guideline value for S- Block, 20th Street has undergone several revisions over the years. In 2007, the guideline 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. Following this, there was a significant increase to Rs 10,500 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 11,500 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has risen by 15%.

Guideline values in Mullam

Mullam village has a total of 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 for these streets is Rs 11,500 per sq.ft, which is the same as the current value for S- Block, 20th Street.

• S- Block, 19th Street: Rs 11,500 per sq.ft (2024)
• S- Block, 21st Street: Rs 11,500 per sq.ft (2024)
• S- Block, 18th Street: Rs 11,500 per sq.ft (2024)
• S- Block, 17th 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, 20th 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, making the total cost for these fees 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, 20th Street?

The Sub Registrar Office that covers S- Block, 20th Street 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 is a crucial factor in property transactions in Mullam, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted in accordance with government regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This helps in ensuring a smooth transaction and compliance with local laws.

Frequently asked questions

What is the current guideline value of S- Block, 20th Street?

The current guideline value of S- Block, 20th 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, reflecting an overall increase of 15% over the years.

What are the stamp duty and registration fees for property in S- Block, 20th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 10,35,000.

Which Sub Registrar Office covers S- Block, 20th Street?

The AnnaNagar Sub Registrar Office covers S- Block, 20th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property, which is essential for calculating stamp duty and registration fees during property transactions in Mullam.