Guideline Value for S- Block, 6th Main Road 3896 to 3906

S- Block, 6th Main Road 3896 to 3906 guideline value

The current guideline value of S- Block, 6th Main Road 3896 to 3906 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, 6th Main Road 3896 to 3906 has changed

Over the years, the guideline value for S- Block, 6th Main Road has seen several revisions. The 2007 revision recorded a guideline value of Rs 11,000 per sq.ft. This increased to Rs 11,500 per sq.ft in 2012, but then dropped to Rs 7,705 per sq.ft in 2017. The value rebounded significantly to Rs 11,500 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 12,600 per sq.ft, 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 the increase from 2007 to 2012 was 5%. Overall, from 2007 to 2024, the guideline value has risen by 15%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mullam

Mullam village has a range of guideline values across its 119 streets under the AnnaNagar SRO, with values ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median guideline value for the area is Rs 11,500 per sq.ft, and the value for S- Block, 6th Main Road 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, 6th Main Road 3896 to 3906

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, bringing the total to Rs 11,34,000. Please 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 information.

Which Sub Registrar Office covers S- Block, 6th Main Road 3896 to 3906?

The Sub Registrar Office that covers S- Block, 6th Main Road 3896 to 3906 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 plays a crucial role in the registration process when buying or selling property in Mullam. It serves as a reference point for calculating the stamp duty and registration fees that are required during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for S- Block, 6th Main Road 3896 to 3906?

The current guideline value for S- Block, 6th Main Road 3896 to 3906 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 several times, starting from Rs 11,000 per sq.ft in 2007, rising to Rs 11,500 per sq.ft in 2012, then decreasing to Rs 7,705 per sq.ft in 2017. It increased to Rs 11,500 per sq.ft in 2023 and is now Rs 12,600 per sq.ft in 2024.

What is the land classification for this area?

The land classification for S- Block, 6th Main Road 3896 to 3906 is Residential Special Type - I. This classification indicates the intended use of the land for residential purposes.

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 guideline value is Rs 1,26,00,000. The stamp duty at 7% is Rs 8,82,000, and the registration fee at 2% is Rs 2,52,000, totaling Rs 11,34,000.

Which office should I visit for registration?

You should visit the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, for registration of property in S- Block, 6th Main Road 3896 to 3906.