Guideline Value for T- Block, 5th Main Road 4087, 4289 to 4301

T- Block, 5th Main Road 4087, 4289 to 4301 guideline value

The current guideline value for T- Block, 5th Main Road 4087, 4289 to 4301 is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Mullam village, under the AnnaNagar SRO, and is classified as Residential Special Type - I.

How the guideline value of T- Block, 5th Main Road 4087, 4289 to 4301 has changed

The guideline value for T- Block, 5th Main Road has undergone several revisions over the years. In 2007, the value was Rs 11,000 per sq.ft, which increased to Rs 11,500 per sq.ft in 2012. However, it decreased to Rs 7,705 per sq.ft in 2017. Following this decline, the value saw a significant rise to Rs 11,500 per sq.ft in 2023, and then further increased to Rs 12,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 15%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mullam

Mullam village has a total of 119 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, placing T- Block, 5th Main Road's 2024 figure above that median.

• T- Block, 4th Main Road 4064A, 4065 to 4079: Rs 12,600 per sq.ft (2024)
• T- Block, 8th Street: Rs 11,500 per sq.ft (2024)
• T- Block, 3rd Main Road 4018, 4112, 4197 to 4200, 4230, 4289: Rs 12,600 per sq.ft (2024)
• T- Block, 9th Street: Rs 11,500 per sq.ft (2024)
• T Block, 3rd Avenue 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, 1st Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in T- Block, 5th Main Road 4087, 4289 to 4301

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 11,34,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T- Block, 5th Main Road 4087, 4289 to 4301?

The Sub Registrar Office that covers T- Block, 5th Main Road 4087, 4289 to 4301 is 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 of property transactions in Mullam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When purchasing or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures that properties are not sold below a certain threshold, thereby maintaining a standard in property transactions.

Frequently asked questions

What is the current guideline value for T- Block, 5th Main Road 4087, 4289 to 4301?

The current guideline value for T- Block, 5th Main Road 4087, 4289 to 4301 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 11,000 per sq.ft in 2007 to Rs 12,600 per sq.ft in 2024, reflecting an overall increase of 15% over this period.

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

For a property valued at Rs 1,26,00,000, the stamp duty would be Rs 8,82,000 and the registration fee would be Rs 2,52,000, totaling Rs 11,34,000.

Which Sub Registrar Office is responsible for this area?

The AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, is responsible for T- Block, 5th Main Road 4087, 4289 to 4301.

What is the land classification for T- Block, 5th Main Road?

The land classification for T- Block, 5th Main Road 4087, 4289 to 4301 is Residential Special Type - I.