Guideline Value for S- Block, 5th Avenue 4000 to 4010

S- Block, 5th Avenue 4000 to 4010 guideline value

The current guideline value for S- Block, 5th Avenue 4000 to 4010 is Rs 14,800 per sq.ft, effective from 1 July 2024. This property is located in Mullam village and falls under the AnnaNagar SRO with a land classification of Mixed Type - I.

How the guideline value of S- Block, 5th Avenue 4000 to 4010 has changed

Looking back at the revisions, the guideline value for S- Block, 5th Avenue was Rs 9,045 per sq.ft in 2017. It then increased to Rs 13,500 per sq.ft in 2023, which was a significant rise of 49%. The most recent revision in 2024 saw the value increase further to Rs 14,800 per sq.ft, marking a 10% increase from the previous year.

Prior to the 2017 revision, the guideline value remained at Rs 13,500 per sq.ft from 2007 to 2012, indicating no change during that period. The 2012 revision saw a decrease of 33% from the 2017 figure. The register has no figures for this street in the years 2002 and 2003.

Guideline values in Mullam

In Mullam, 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, with a median of Rs 11,500 per sq.ft. The guideline value for S- Block, 5th Avenue 4000 to 4010 is above this median.

• S- Block, 6th Avenue: Rs 12,100 per sq.ft (2024)
• S- Block, 21st Street: Rs 11,500 per sq.ft (2024)
• S- Block, 20th Street: Rs 11,500 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, 5th Avenue 4000 to 4010

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, and the registration fee at 2% would be Rs 2,96,000, totaling Rs 13,32,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S- Block, 5th Avenue 4000 to 4010?

The S- Block, 5th Avenue 4000 to 4010 is covered by 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 an essential factor in the registration process when buying or selling property in Mullam. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price. The duty is charged on the higher of the two, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for S- Block, 5th Avenue 4000 to 4010?

The current guideline value for S- Block, 5th Avenue 4000 to 4010 is Rs 14,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9,045 per sq.ft in 2017 to Rs 13,500 per sq.ft in 2023, and then to Rs 14,800 per sq.ft in 2024. This represents significant increases over the years.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 13,32,000, including stamp duty at 7% and registration fee at 2%.

Which office handles property registrations for S- Block, 5th Avenue 4000 to 4010?

The AnnaNagar Sub Registrar Office handles property registrations for S- Block, 5th Avenue 4000 to 4010, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value in property transactions?

The guideline value is crucial as it determines the stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher value is used to calculate the duties owed to the government.