Guideline Value for S- Block, 4th Main Road 3896, 3919, 3920, 3920A, 3921 to 3928, 3988, 4010

S- Block, 4th Main Road 3896, 3919, 3920, 3920A, 3921 to 3928, 3988, 4010 guideline value

The current guideline value for S- Block, 4th Main Road 3896, 3919, 3920, 3920A, 3921 to 3928, 3988, 4010 is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Mullam village and falls under the AnnaNagar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of S- Block, 4th Main Road 3896, 3919, 3920, 3920A, 3921 to 3928, 3988, 4010 has changed

The guideline value for this street has seen several revisions over the years. In the 2007 revision, the value was Rs 11,000 per sq.ft. This increased to Rs 11,500 per sq.ft in the 2012 revision, followed by a decrease to Rs 7,705 per sq.ft in the 2017 revision. However, the value saw a significant rise to Rs 11,500 per sq.ft in the 2023 revision, and the latest revision in 2024 set it at Rs 12,600 per sq.ft. The changes from 2017 to 2023 was an increase of 49%, and from 2023 to 2024, there was an increase of 10%.

Notably, the revisions for the years 2002 and 2003 do not have any figures recorded for this street. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Mullam

Mullam village has a range of guideline values across its 119 streets under the AnnaNagar SRO, with figures 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 S- Block, 4th Main Road above the median.

• S- Block, 21st Street: Rs 11,500 per sq.ft (2024)
• S- Block, 20th Street: Rs 11,500 per sq.ft (2024)
• S- Block, 6th Avenue: Rs 12,100 per sq.ft (2024)
• S- Block, 19th 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)

Stamp duty and registration fee for property in S- Block, 4th Main Road 3896, 3919, 3920, 3920A, 3921 to 3928, 3988, 4010

For a 1,000 sq.ft plot at the current rate of Rs 12,600 per sq.ft, the guideline value would be Rs 1,26,00,000. The stamp duty at 7% would amount to Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, totaling Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers S- Block, 4th Main Road 3896, 3919, 3920, 3920A, 3921 to 3928, 3988, 4010?

The Sub Registrar Office that covers this area 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 details.

How the guideline value is used when you buy or sell in Mullam

The guideline value is a critical factor during the registration of property transactions in Mullam. When a property is bought or sold, the guideline value serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. The registration process will require adherence to these values to ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value for S- Block, 4th Main Road 3896, 3919, 3920, 3920A, 3921 to 3928, 3988, 4010 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, reflecting an overall increase of 15% over the years.

What is the median guideline value in Mullam?

The median guideline value in Mullam is Rs 11,500 per sq.ft, with S- Block, 4th Main Road's value being above this median.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 11,34,000.

Which office handles the registration for this area?

The AnnaNagar Sub Registrar Office handles the registration for S- Block, 4th Main Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.