Guideline Value for W- Block - Streets

W- Block - Streets guideline value

The current guideline value for W- Block - Streets in Mullam village is Rs 11,500 per sq.ft, effective from 1 July 2024. This area falls under the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of W- Block - Streets has changed

Over the years, the guideline value for W- Block - Streets has seen several revisions. The 2017 revision set the value at Rs 7,035 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease of 33%. The value then rose to Rs 10,500 per sq.ft in 2023, marking a significant increase of 49% from the 2017 figure. The most recent revision in 2024 raised the guideline value to Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

The register does not have figures for the years 2002 and 2003 for this street. The 2007 revision set the value at Rs 10,000 per sq.ft, which was a 5% increase from the previous revision in 2012.

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 is Rs 11,500 per sq.ft, which is equal to the guideline value of W- Block - Streets.

• W- Block, 5th Main Road 4302 to 4313, 4383, Sivasakthi Kalyana Mandapam, Karnataka Bank: Rs 12,600 per sq.ft (2024)
• W- Block, 3rd Main Road 4413, 4414, 4376, 4624 to 4627, 4664A, 5153, Civil Supplies Godown: Rs 12,600 per sq.ft (2024)
• X- Block, 3rd Main Road 4314, 4375, Tower park, Tower Club: Rs 12,600 per sq.ft (2024)
• X BLock, 5th Main Road 4314 TO 4330: Rs 12,600 per sq.ft (2024)
• X- Block, 5th Street: Rs 11,500 per sq.ft (2024)
• X- Block, 6th Main Road 4330, 4359, Tower Park: Rs 12,600 per sq.ft (2024)

Stamp duty and registration fee for property in W- Block - Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total 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, bringing the total fees to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers W- Block - Streets?

The W- Block - Streets 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 is a crucial factor in the registration process when buying or selling property in Mullam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as assessed by the Registration Department. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value for W- Block - Streets?

The current guideline value for W- Block - Streets 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 increased from Rs 7,035 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2024, with various revisions in between, including a notable increase of 49% from 2017 to 2023.

What are the stamp duty and registration fees for properties in W- Block - Streets?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 10,35,000.

Which office handles property registrations for W- Block - Streets?

The AnnaNagar Sub Registrar Office handles property registrations for W- Block - Streets, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for W- Block - Streets?

The land classification for W- Block - Streets is Residential Special Type - II, indicating its designated use for residential purposes.