Guideline Value for U- Block, 9th Street

U- Block, 9th Street guideline value

The current guideline value of U- Block, 9th Street is Rs 11,500 per sq.ft. This street is located in Mullam village and falls under the AnnaNagar SRO. The land classification for this area is Residential Special Type - II.

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

The guideline value for U- Block, 9th Street has seen several changes over the years. In 2007, the guideline value 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 in 2017. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 11,500 per sq.ft. There are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The value then rose by 10% from 2023 to 2024. 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 guideline value is Rs 11,500 per sq.ft, which is equal to the 2024 figure for U- Block, 9th Street.

• U- Block, 7th Street: Rs 11,500 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, 10th Street: Rs 11,500 per sq.ft (2024)
• V- Block, 10th Street: Rs 11,500 per sq.ft (2024)
• V- Block, 11th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in U- 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 be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers U- Block, 9th Street?

The U- Block, 9th Street 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 plays a crucial role during the registration of property transactions in Mullam. It is the basis for calculating the stamp duty and registration fees, which are mandatory when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the correct fees are paid. Buyers should be aware that the fees are charged on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of U- Block, 9th Street?

The current guideline value of U- Block, 9th 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 15% increase over this period.

What are the stamp duty and registration fees for a property in U- Block, 9th Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 10,35,000.

Which office handles the registration for U- Block, 9th Street?

The registration for U- Block, 9th Street is handled by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and recent revisions in the area.