Guideline Value for V- Block, 5th Avenue 4011 to 4021

V- Block, 5th Avenue 4011 to 4021 guideline value

The current guideline value for V- Block, 5th Avenue 4011 to 4021 is Rs 14,800 per sq.ft. This property is located in Mullam village under the AnnaNagar SRO, and it falls under the Mixed Type - I land classification.

How the guideline value of V- Block, 5th Avenue 4011 to 4021 has changed

The guideline value for V- Block, 5th Avenue has seen several revisions over the years. In the 2007 revision, the value was Rs 13,500 per sq.ft. This figure remained unchanged until the 2012 revision, which also recorded Rs 13,500 per sq.ft. However, in 2017, the value decreased to Rs 9,045 per sq.ft. The 2023 revision marked a significant increase to Rs 13,500 per sq.ft, followed by the current 2024 revision, which set the value at Rs 14,800 per sq.ft, reflecting a 10% increase from the previous year.

Looking at the changes, from 2017 to 2023, there was a 49% increase. The 2012 to 2017 period saw a decrease of 33%. Overall, from 2007 to 2024, the guideline value has increased by 10%. It is important to note that there are no recorded figures for this street in the 2002 and 2003 revisions.

Guideline values in Mullam

Mullam village has a range of guideline values, with 119 streets under the AnnaNagar SRO carrying a 2024 figure ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median guideline value in this village is Rs 11,500 per sq.ft, placing V- Block, 5th Avenue 4011 to 4021 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, 5th Avenue 4011 to 4021

For a 1,000 sq.ft plot at the current guideline value of Rs 14,800 per sq.ft, the total guideline value amounts to Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, and the registration fee at 2% would be Rs 2,96,000, totaling Rs 13,32,000. It is important to note that 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, 5th Avenue 4011 to 4021?

The V- Block, 5th Avenue 4011 to 4021 property falls under the jurisdiction of 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 further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Mullam. It serves as a benchmark for determining the minimum sale price of a property, ensuring that the property is not undervalued during the registration process.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for V- Block, 5th Avenue 4011 to 4021?

The current guideline value for V- Block, 5th Avenue 4011 to 4021 is Rs 14,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2024 revision showing an increase to Rs 14,800 per sq.ft from Rs 13,500 per sq.ft in 2023. The value was Rs 9,045 per sq.ft in 2017, indicating a 49% increase from then to 2023.

What is the registration office for this area?

The registration office for V- Block, 5th Avenue 4011 to 4021 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is 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 1,48,00,000, the stamp duty would be Rs 10,36,000 at a rate of 7%.

What are the guideline values for other streets in Mullam?

Other streets in Mullam under the AnnaNagar SRO have a guideline value of Rs 11,500 per sq.ft for V- Block, 14th Street, 13th Street, 12th Street, 11th Street, and 10th Street, and Rs 11,500 per sq.ft for U- Block, 9th Street.