Guideline Value for T Block, 3rd Avenue t- Block,3rd Avenue c1 To C11, C11a, C11a1, 4079 To 4088, siva Sakthi Kalyana Mandapam, d.r. Kalyana Mandapam t- Block, 3rd Avenue c1 To C11, C11a, C11a1, 4079 To 4088, siva Sakthi Kalyana Mandapam, d.r. Kalyana Mandapam

T Block, 3rd Avenue T- Block,3rd Avenue C1 to C11, C11A, C11A1, 4079 to 4088, Siva Sakthi Kalyana Mandapam, D.R. Kalyana Mandapam guideline value

The current guideline value for T Block, 3rd Avenue T- Block,3rd Avenue C1 to C11, C11A, C11A1, 4079 to 4088, Siva Sakthi Kalyana Mandapam, D.R. Kalyana Mandapam is Rs 15,900 per sq.ft, effective from 1 July 2024. This area is located in Mullam village and falls under the AnnaNagar SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of T Block, 3rd Avenue T- Block,3rd Avenue C1 to C11, C11A, C11A1, 4079 to 4088, Siva Sakthi Kalyana Mandapam, D.R. Kalyana Mandapam has changed

The guideline value for T Block, 3rd Avenue has undergone several revisions over the years. In 2012, the guideline value was Rs 14,500 per sq.ft. This figure remained the same until the next revision in 2017, where it decreased to Rs 9,715 per sq.ft, marking a decline of 33%. In 2023, the value increased significantly to Rs 14,500 per sq.ft, and further increased by 10% to Rs 15,900 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value saw an increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median guideline value for these streets is Rs 11,500 per sq.ft, placing T Block, 3rd Avenue above this median.

• T- Block, 1st Street: Rs 11,500 per sq.ft (2024)
• T- Block, 11th Street: Rs 11,500 per sq.ft (2024)
• T- Block, 10th Street: Rs 11,500 per sq.ft (2024)
• T- Block, 8th Street: Rs 11,500 per sq.ft (2024)
• T- Block, 9th Street: Rs 11,500 per sq.ft (2024)
• U- Block, 10th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in T Block, 3rd Avenue T- Block,3rd Avenue C1 to C11, C11A, C11A1, 4079 to 4088, Siva Sakthi Kalyana Mandapam, D.R. Kalyana Mandapam

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, bringing the total fees to Rs 14,31,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers T Block, 3rd Avenue T- Block,3rd Avenue C1 to C11, C11A, C11A1, 4079 to 4088, Siva Sakthi Kalyana Mandapam, D.R. Kalyana Mandapam?

The Sub Registrar Office that covers T Block, 3rd Avenue 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Mullam. It serves as a benchmark for determining the minimum value at which properties must be registered, ensuring that the state collects appropriate stamp duties and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value for T Block, 3rd Avenue?

The current guideline value for T Block, 3rd Avenue is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 14,500 per sq.ft in 2012 to Rs 9,715 per sq.ft in 2017, then increased to Rs 14,500 per sq.ft in 2023, and finally to Rs 15,900 per sq.ft in 2024.

What is the median guideline value for streets in Mullam?

The median guideline value for the 119 streets in Mullam under the AnnaNagar SRO is Rs 11,500 per sq.ft, which is lower than the current value of T Block, 3rd Avenue.

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

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a property valued at Rs 1,59,00,000, the total fees would be Rs 14,31,000.

Where is the Sub Registrar Office located for T Block, 3rd Avenue?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.