Guideline Value for T- Block, 9th Street

T- Block, 9th Street guideline value

The current guideline value for T- Block, 9th Street in Mullam village is Rs 11,500 per sq.ft, effective from the 2024 revision. This street falls under the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of T- Block, 9th Street has changed

The guideline value for T- Block, 9th Street has seen several revisions over the years. The earliest recorded value is from 2007, where it was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, but then decreased to Rs 7,035 per sq.ft by 2017. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and as of the latest revision in 2024, it stands at Rs 11,500 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Between the revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 is an increase of 10%. Overall, from 2007 to 2024, the guideline value has increased by 15%.

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, which is the same as the guideline value for T- Block, 9th Street. This indicates that the value for this street is aligned with the median for the village.

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

Stamp duty and registration fee for property in T- Block, 9th 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, bringing the total cost for these fees to Rs 10,35,000. It is important to note that 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, 9th Street?

The Sub Registrar Office that covers T- Block, 9th Street 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 when buying or selling property in Mullam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during property transactions.

When registering a property, the guideline value helps in assessing the appropriate fees that need to be paid. It is essential for both parties involved in the transaction to understand how this value is determined and its implications on the overall cost of the property.

Frequently asked questions

What is the current guideline value for T- Block, 9th Street?

The current guideline value for T- Block, 9th Street is Rs 11,500 per sq.ft, effective from the 2024 revision.

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 an overall increase of 15% over the years.

What are the recent revisions for T- Block, 9th Street?

The most recent revisions are Rs 10,500 per sq.ft in 2023 and Rs 11,500 per sq.ft in 2024, marking a 10% increase from the previous year.

Where can I find the Sub Registrar Office for T- Block, 9th Street?

The Sub Registrar Office for T- Block, 9th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office.

How is the stamp duty calculated for properties in T- Block, 9th Street?

Stamp duty 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 rate, the total stamp duty would be Rs 8,05,000.