Guideline Value for V- Block, 12th Street

V- Block, 12th Street guideline value

The current guideline value for V- Block, 12th 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 V- Block, 12th Street has changed

The guideline value for V- Block, 12th Street has undergone 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, which was a 5% rise. However, from 2012 to 2017, the value decreased to Rs 7,035 per sq.ft, marking a significant drop of 33%. The value then rose sharply to Rs 10,500 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Mullam

In Mullam, 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 for these streets is Rs 11,500 per sq.ft, which is equal to the guideline value for V- Block, 12th Street.

• V- Block, 11th Street: Rs 11,500 per sq.ft (2024)
• V- Block, 13th Street: Rs 11,500 per sq.ft (2024)
• V- Block, 10th 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, 12th Street

For a 1,000 sq.ft plot at the current rate, the 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, bringing the total to Rs 10,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V- Block, 12th Street?

The Sub Registrar Office that covers V- Block, 12th Street is 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 in the registration process when buying or selling property in Mullam. It serves as a benchmark for determining the minimum value of the property, which is used to calculate stamp duty and registration fees.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate revenue from stamp duty. Buyers and sellers must be aware of this value to ensure compliance with registration regulations.

Frequently asked questions

What is the current guideline value for V- Block, 12th Street?

The current guideline value for V- Block, 12th Street is Rs 11,500 per sq.ft as of the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with notable increases and decreases in between.

What is the land classification for V- Block, 12th Street?

The land classification for V- Block, 12th Street is Residential Special Type - II.

Where is the AnnaNagar Sub Registrar Office located?

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 V- Block, 12th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher, and is typically set at 7% of the guideline value.