Guideline Value for T- Block, 10th Street

T- Block, 10th Street guideline value

The current guideline value of T- Block, 10th Street in Mullam village is Rs 11,500 per sq.ft, effective from 1 July 2024. This area falls under the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of T- Block, 10th Street has changed

The guideline value for T- Block, 10th Street has seen several revisions over the years. The earliest available figure is from the 2007 revision, which set the value at Rs 10,000 per sq.ft. This was followed by the 2012 revision, where the value increased by 5% to Rs 10,500 per sq.ft. However, in the 2017 revision, the value dropped significantly by 33% to Rs 7,035 per sq.ft. The 2023 revision saw a substantial increase of 49%, bringing the value back up to Rs 10,500 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 11,500 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Mullam

In Mullam village, 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 value is Rs 11,500 per sq.ft, which is the same as the current guideline value for T- Block, 10th Street.

• T- Block, 11th Street: Rs 11,500 per sq.ft (2024)
• T- Block, 1st 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)
• S- Block, 6th Avenue: Rs 12,100 per sq.ft (2024)
• S- Block, 21st Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in T- Block, 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, leading to a total cost of 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 accurate calculations.

Which Sub Registrar Office covers T- Block, 10th Street?

The T- Block, 10th Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 critical factor during the registration process when buying or selling property in Mullam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value helps in determining the official value of the transaction, which is essential for legal and financial purposes. Buyers and sellers must be aware of the current guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of T- Block, 10th Street?

The current guideline value of T- Block, 10th 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 a total increase of 15% over the years.

What are the stamp duty and registration fees for properties in T- Block, 10th Street?

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000, and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

Which Sub Registrar Office covers T- Block, 10th Street?

The AnnaNagar Sub Registrar Office covers T- Block, 10th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value?

The guideline value is significant as it determines the official value for property transactions, which is used to calculate stamp duty and registration fees during the buying or selling process.