Guideline Value for U- Block,11th Street

U- Block,11th Street guideline value

The current guideline value for U- Block, 11th Street in Mullam village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of U- Block,11th Street has changed

Over the years, the guideline value for U- Block, 11th Street has seen several revisions. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 in 2012. However, in 2017, the value dropped to Rs 7,035 per sq.ft. Following this, the 2023 revision raised it significantly to Rs 10,500 per sq.ft, and the most recent 2024 revision further increased it to Rs 11,500 per sq.ft, marking a 10% rise from the previous year.

In summary, the guideline value has changed as follows: from Rs 7,035 in 2017 to Rs 10,500 in 2023, a substantial increase of 49%. The value then rose by 10% to Rs 11,500 in 2024. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Mullam

The 2024 guideline values for the 119 streets in Mullam under the AnnaNagar SRO range from Rs 4,400 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. U- Block, 11th Street's 2024 figure aligns with this median.

• U- Block,10th 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)
• V- Block, 10th Street: Rs 11,500 per sq.ft (2024)
• T- Block, 9th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in U- Block,11th 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, resulting in a total of Rs 10,35,000 for these fees. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers U- Block,11th Street?

The U- Block, 11th 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 plays a crucial role in property transactions in Mullam. It is used as a basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is taken into account to determine the applicable fees. The duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for U- Block, 11th Street?

The current guideline value for U- Block, 11th 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 7,035 in 2017 to Rs 11,500 in 2024, with significant changes occurring in 2023 and 2024.

What is the land classification for U- Block, 11th Street?

U- Block, 11th Street is classified as Residential Special Type - II.

Where can I find the AnnaNagar Sub Registrar Office?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in U- Block, 11th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value incurs a total of Rs 10,35,000 in fees.