Guideline Value for V- Block, 5th Main Road 4021, 4022, 4151, 4152, 4255 to 4258, 4267 to 4271, 4268A

V- Block, 5th Main Road 4021, 4022, 4151, 4152, 4255 to 4258, 4267 to 4271, 4268A guideline value

The current guideline value for V- Block, 5th Main Road 4021, 4022, 4151, 4152, 4255 to 4258, 4267 to 4271, 4268A is Rs 12,600 per sq.ft, effective from 1 July 2024. 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, 5th Main Road 4021, 4022, 4151, 4152, 4255 to 4258, 4267 to 4271, 4268A has changed

The guideline value for this street has undergone several revisions over the years. In 2007, the value was Rs 11,000 per sq.ft. This increased to Rs 11,500 per sq.ft in 2012, marking a 5% rise. However, it then decreased to Rs 7,705 per sq.ft in 2017, a drop of 33%. The value saw a significant increase to Rs 11,500 per sq.ft in 2023, which was a 49% rise from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 12,600 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for this street in the 2002 and 2003 revisions. 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 have a 2024 guideline value ranging from Rs 4,400 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. The guideline value for V- Block, 5th Main Road is above this 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 Main Road 4021, 4022, 4151, 4152, 4255 to 4258, 4267 to 4271, 4268A

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

Which Sub Registrar Office covers V- Block, 5th Main Road 4021, 4022, 4151, 4152, 4255 to 4258, 4267 to 4271, 4268A?

The Sub Registrar Office that covers this area 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 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 at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a buyer or seller approaches the registration office, the guideline value will be used to calculate the stamp duty and registration fees. This ensures that all transactions are transparent and comply with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for V- Block, 5th Main Road?

The current guideline value for V- Block, 5th Main Road 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, reflecting a 15% increase over the years.

What is the land classification for this area?

The land classification for V- Block, 5th Main Road is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for property in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,26,00,000, the stamp duty would be Rs 8,82,000 at 7%.