Guideline Value for V- Block, 6th Main Road 4029, 4130, 4174, 4178, 4529, 4271

V- Block, 6th Main Road 4029, 4130, 4174, 4178, 4529, 4271 guideline value

The current guideline value for V- Block, 6th Main Road 4029, 4130, 4174, 4178, 4529, 4271 is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Mullam village and falls under the AnnaNagar SRO, with a land classification of Residential Special Type - I.

How the guideline value of V- Block, 6th Main Road 4029, 4130, 4174, 4178, 4529, 4271 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, which increased to Rs 11,500 per sq.ft in 2012, marking a 5% rise. However, from 2012 to 2017, the value decreased to Rs 7,705 per sq.ft, a decline of 33%. By 2023, the value had risen significantly to Rs 11,500 per sq.ft, representing a 49% increase from the 2017 figure. The most recent revision in 2024 set the value at Rs 12,600 per sq.ft, reflecting a 10% increase from the previous year.

The register does not provide 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 with a 2024 guideline value ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median value in this area is Rs 11,500 per sq.ft, making the current guideline value for V- Block, 6th 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)
• W- Block - Streets: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in V- Block, 6th Main Road 4029, 4130, 4174, 4178, 4529, 4271

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total 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, bringing the total fees to Rs 11,34,000. It is important to note that the 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 information.

Which Sub Registrar Office covers V- Block, 6th Main Road 4029, 4130, 4174, 4178, 4529, 4271?

The V- Block, 6th Main Road 4029, 4130, 4174, 4178, 4529, 4271 property falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mullam. It serves as a benchmark for determining the amount of stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any penalties. The registration office uses this value to calculate the necessary fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for V- Block, 6th Main Road?

The current guideline value for V- Block, 6th Main Road 4029, 4130, 4174, 4178, 4529, 4271 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, which is an overall increase of 15%.

What is the land classification for this property?

The land classification for V- Block, 6th Main Road is Residential Special Type - I.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles the registration for this property?

The registration for this property is handled by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.