Guideline Value for V- Block, 4th Main Road 4011 to 4046, 4046A, 4047, 4048

V- Block, 4th Main Road 4011 to 4046, 4046A, 4047, 4048 guideline value

The current guideline value for V- Block, 4th Main Road 4011 to 4046, 4046A, 4047, 4048 is Rs 12,600 per sq.ft. This area is located in Mullam village, under the AnnaNagar SRO, and is classified as Residential Special Type - I.

How the guideline value of V- Block, 4th Main Road 4011 to 4046, 4046A, 4047, 4048 has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 11,000 per sq.ft, which increased to Rs 11,500 per sq.ft in 2012. However, it decreased to Rs 7,705 per sq.ft in 2017. The value then saw a significant rise to Rs 11,500 per sq.ft in 2023, followed by the current rate of Rs 12,600 per sq.ft effective from 1 July 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 15%. The register has no figures for the years 2002 and 2003 for this street.

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 value for these streets is Rs 11,500 per sq.ft, placing V- Block, 4th Main Road above that median.

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

Stamp duty and registration fee for property in V- Block, 4th Main Road 4011 to 4046, 4046A, 4047, 4048

For a 1,000 sq.ft plot at the current rate of Rs 12,600 per sq.ft, the guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, totaling Rs 11,34,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V- Block, 4th Main Road 4011 to 4046, 4046A, 4047, 4048?

The V- Block, 4th Main Road 4011 to 4046, 4046A, 4047, 4048 area 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 the registration process of property transactions in Mullam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in this area.

When selling property, the guideline value ensures that the transaction is recorded accurately with the appropriate fees calculated based on the established rates. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value for V- Block, 4th Main Road 4011 to 4046, 4046A, 4047, 4048?

The current guideline value for V- Block, 4th Main Road 4011 to 4046, 4046A, 4047, 4048 is Rs 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,000 per sq.ft in 2007 to Rs 12,600 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and increases in subsequent years.

What is the land classification for this area?

The land classification for V- Block, 4th Main Road 4011 to 4046, 4046A, 4047, 4048 is Residential Special Type - I.

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 the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 12,600 per sq.ft, the total guideline value for a 1,000 sq.ft plot would be Rs 1,26,00,000.