Guideline Value for V- Block, 13th Street

V- Block, 13th Street guideline value

The current guideline value for V- Block, 13th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Mullam village under the AnnaNagar SRO, classified as Residential Special Type - II.

How the guideline value of V- Block, 13th Street has changed

The guideline value for V- Block, 13th Street has seen 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, marking a 5% rise. However, from 2012 to 2017, the value decreased to Rs 7,035 per sq.ft, reflecting a decline of 33%. The value then rose significantly to Rs 10,500 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 set the guideline value at Rs 11,500 per sq.ft, which is a 10% increase from the previous year.

The overall change from 2007 to 2024 shows a 15% increase in the guideline value. It is important to note that the register has no figure for this street in the years 2002 and 2003.

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 for these streets is Rs 11,500 per sq.ft, which is the same as the guideline value for V- Block, 13th Street.

• V- Block, 12th Street: Rs 11,500 per sq.ft (2024)
• V- Block, 14th Street: Rs 11,500 per sq.ft (2024)
• V- Block, 11th Street: Rs 11,500 per sq.ft (2024)
• V- Block, 10th 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, 13th Street

For a 1,000 sq.ft plot at the current rate of Rs 11,500 per sq.ft, 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, totaling Rs 10,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V- Block, 13th Street?

The Sub Registrar Office that covers V- Block, 13th Street is 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 when buying or selling property in Mullam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that these costs are based on the guideline value or the sale price, depending on which is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value according to government standards. This helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value for V- Block, 13th Street?

The current guideline value for V- Block, 13th 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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000, and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

Which office handles the registration for V- Block, 13th Street?

The AnnaNagar Sub Registrar Office handles the registration for V- Block, 13th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for V- Block, 13th Street?

The land classification for V- Block, 13th Street is Residential Special Type - II, indicating its designated use for residential purposes.