Guideline Value for V- Block, 11th Street

V- Block, 11th Street guideline value

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

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

The guideline value for V- Block, 11th Street has seen several revisions 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 currently stands at Rs 11,500 per sq.ft as of the 2024 revision. There are no figures available for the years 2002 and 2003 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, it saw a substantial increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 15%.

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, which is the same as the current guideline value for V- Block, 11th Street.

• V- Block, 10th Street: Rs 11,500 per sq.ft (2024)
• V- Block, 12th Street: Rs 11,500 per sq.ft (2024)
• V- Block, 13th Street: Rs 11,500 per sq.ft (2024)
• V- Block, 14th Street: Rs 11,500 per sq.ft (2024)
• U- Block, 9th 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 V- 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, making the total charges 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 the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers V- Block, 11th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mullam

The guideline value is a crucial factor when registering property transactions in Mullam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of V- Block, 11th Street?

The current guideline value of V- 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 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 is the land classification for V- Block, 11th Street?

V- Block, 11th Street is classified as Residential Special Type - II under the AnnaNagar SRO.

What are the stamp duty and registration fees for property in V- Block, 11th Street?

For a 1,000 sq.ft property, the total guideline value is Rs 1,15,00,000, leading to a stamp duty of Rs 8,05,000 and a registration fee of Rs 2,30,000, totaling Rs 10,35,000.

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

The AnnaNagar Sub Registrar Office covers V- Block, 11th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.