Guideline Value for U- Block, 5th Main Road 4272 to 4288

U- Block, 5th Main Road 4272 to 4288 guideline value

The current guideline value for U- Block, 5th Main Road 4272 to 4288 is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Mullam village and falls under the AnnaNagar SRO, classified as Residential Special Type - I.

How the guideline value of U- Block, 5th Main Road 4272 to 4288 has changed

The guideline value has seen 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 then decreased to Rs 7,705 per sq.ft in 2017. Following this, the value rose significantly to Rs 11,500 per sq.ft in 2023, and most recently to Rs 12,600 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 15%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Mullam

Mullam village has a range of guideline values across its 119 streets under the AnnaNagar SRO, with values varying from Rs 4,400 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, and the guideline value for U- Block, 5th Main Road is above this median.

• U- Block, 4th Main Road 4049 to 4064: Rs 12,600 per sq.ft (2024)
• U- Block, 6th Main Road 4049, 4112, 4120, 4179 to 4182, 4253: Rs 12,600 per sq.ft (2024)
• U- Block, 3rd Main Road 4069, 4113, 4190, 4195, 9287, 9288: Rs 12,600 per sq.ft (2024)
• U- Block, 6th Street: Rs 11,500 per sq.ft (2024)
• U- Block, 11th Street: Rs 11,500 per sq.ft (2024)
• U- Block, 7th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in U- Block, 5th Main Road 4272 to 4288

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total guideline value amounts to 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, making the total fees together Rs 11,34,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers U- Block, 5th Main Road 4272 to 4288?

The U- Block, 5th Main Road 4272 to 4288 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 when registering property in Mullam, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers need to be aware of the current guideline value to ensure compliance with the registration requirements.

When a property transaction occurs, the guideline value serves as a benchmark for determining the official value of the property, which is essential for the legal transfer of ownership. It is important to consult the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for U- Block, 5th Main Road 4272 to 4288?

The current guideline value for U- Block, 5th Main Road 4272 to 4288 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 a 15% increase over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 8,82,000 and the registration fee is Rs 2,52,000, totaling Rs 11,34,000.

Which office handles the registration for this property?

The AnnaNagar Sub Registrar Office handles the registration for U- Block, 5th Main Road 4272 to 4288, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Mullam?

The median guideline value in Mullam village is Rs 11,500 per sq.ft, with the guideline value for U- Block, 5th Main Road being above this median.