Guideline Value for T- Block, 4th Main Road 4064A, 4065 to 4079

T- Block, 4th Main Road 4064A, 4065 to 4079 guideline value

The current guideline value for T- Block, 4th Main Road 4064A, 4065 to 4079 is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Mullam village under the AnnaNagar SRO, classified as Residential Special Type - I.

How the guideline value of T- Block, 4th Main Road 4064A, 4065 to 4079 has changed

In the 2017 revision, the guideline value was Rs 7,705 per sq.ft. This figure increased significantly to Rs 11,500 per sq.ft in the 2023 revision, marking a change of +49%. The latest revision in 2024 has set the guideline value at Rs 12,600 per sq.ft, reflecting a +10% increase from the previous year.

Prior to the 2017 revision, the 2012 revision also recorded a guideline value of Rs 11,500 per sq.ft, showing a decrease of -33% from the 2007 revision, which was Rs 11,000 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mullam

Mullam village has 119 streets under the AnnaNagar SRO with 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, 4th Main Road 4064A, 4065 to 4079 above this median.

• T- Block, 3rd Main Road 4018, 4112, 4197 to 4200, 4230, 4289: Rs 12,600 per sq.ft (2024)
• T- Block, 5th Main Road 4087, 4289 to 4301: Rs 12,600 per sq.ft (2024)
• T Block, 3rd Avenue C1 to C11, C11A, C11A1, 4079 to 4088, Siva Sakthi Kalyana Mandapam, D.R. Kalyana Mandapam: Rs 15,900 per sq.ft (2024)
• T- Block, 8th Street: Rs 11,500 per sq.ft (2024)
• T- Block, 1st Street: Rs 11,500 per sq.ft (2024)
• T- Block, 9th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in T- Block, 4th Main Road 4064A, 4065 to 4079

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total 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. 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 precise calculations.

Which Sub Registrar Office covers T- Block, 4th Main Road 4064A, 4065 to 4079?

The T- Block, 4th Main Road 4064A, 4065 to 4079 area 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 a crucial factor in the registration process when buying or selling property in Mullam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for T- Block, 4th Main Road 4064A, 4065 to 4079?

The current guideline value for T- Block, 4th Main Road 4064A, 4065 to 4079 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 7,705 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2023, and then to Rs 12,600 per sq.ft in 2024. The increase from 2023 to 2024 is +10%.

What is the land classification for this property?

The land classification for T- Block, 4th Main Road 4064A, 4065 to 4079 is Residential Special Type - I.

Where can I find the registration office for this area?

The registration office for T- Block, 4th Main Road 4064A, 4065 to 4079 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty for properties in this area is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would amount to Rs 8,82,000.