Guideline Value for U- Block,10th Street

U- Block,10th Street guideline value

The current guideline value for U- Block,10th 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,10th Street has changed

The guideline value for U- Block,10th Street has undergone several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it then decreased to Rs 7,035 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft from the 2024 revision, effective from 1 July 2024. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 saw a decrease of 33%. The value increased by 5% from 2007 to 2012. Overall, from 2007 to 2024, there has been an increase of 15% in the guideline value.

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 equal to the current guideline value for U- Block,10th Street.

• U- Block,11th Street: Rs 11,500 per sq.ft (2024)
• U- Block, 6th Street: Rs 11,500 per sq.ft (2024)
• U- Block, 7th Street: Rs 11,500 per sq.ft (2024)
• U- Block, 9th Street: Rs 11,500 per sq.ft (2024)
• T- Block, 9th Street: Rs 11,500 per sq.ft (2024)
• T- Block, 8th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in U- Block,10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers U- Block,10th Street?

The U- Block,10th Street is covered by 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 an essential factor when registering property transactions in Mullam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the financial implications of the transaction. It is crucial to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for U- Block,10th Street?

The current guideline value for U- Block,10th 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, with various revisions in between, including a decrease in 2017.

What is the land classification for U- Block,10th Street?

The land classification for U- Block,10th Street is Residential Special Type - II.

Where can I find the registration office for U- Block,10th Street?

The registration office for U- Block,10th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property in U- Block,10th Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,15,00,000 would incur a stamp duty of Rs 8,05,000.