Guideline Value for W- Block, 3rd Main Road 4413, 4414, 4376, 4624 To 4627, 4664a, 5153, Civil Supplies Godown

W- Block, 3rd Main Road 4413, 4414, 4376, 4624 to 4627, 4664A, 5153, Civil Supplies Godown guideline value

The current guideline value for W- Block, 3rd Main Road 4413, 4414, 4376, 4624 to 4627, 4664A, 5153, Civil Supplies Godown 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. The land classification for this area is Residential Special Type - I.

How the guideline value of W- Block, 3rd Main Road 4413, 4414, 4376, 4624 to 4627, 4664A, 5153, Civil Supplies Godown has changed

In the 2017 revision, the guideline value was Rs 7,705 per sq.ft. This increased to Rs 11,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 12,600 per sq.ft, reflecting a 10% increase from the previous year.

Prior to the 2017 revision, the 2012 revision also recorded a guideline value of Rs 11,500 per sq.ft, while the 2007 revision was Rs 11,000 per sq.ft, indicating a 5% increase. Overall, from the 2007 revision to the 2024 revision, 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, with a median value of Rs 11,500 per sq.ft. The guideline value for W- Block, 3rd Main Road is above this median, indicating its relative value within the village.

• W- Block, 5th Main Road 4302 to 4313, 4383, Sivasakthi Kalyana Mandapam, Karnataka Bank: Rs 12,600 per sq.ft (2024)
• W- Block - Streets: Rs 11,500 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, 3rd Main Road 4413, 4414, 4376, 4624 to 4627, 4664A, 5153, Civil Supplies Godown

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, while 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 or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers W- Block, 3rd Main Road 4413, 4414, 4376, 4624 to 4627, 4664A, 5153, Civil Supplies Godown?

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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Mullam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, making it essential for buyers and sellers to be aware of the current guideline values in their respective areas.

Frequently asked questions

What is the current guideline value for W- Block, 3rd Main Road?

The current guideline value for W- Block, 3rd Main Road 4413, 4414, 4376, 4624 to 4627, 4664A, 5153, Civil Supplies Godown 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 significantly from Rs 7,705 per sq.ft in 2017 to Rs 12,600 per sq.ft in 2024, with various revisions in between reflecting increases and decreases.

What is the land classification for this area?

The land classification for W- Block, 3rd Main Road is Residential Special Type - I, indicating its designated use for residential purposes.

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

The Sub Registrar Office covering this property 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 Mullam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the government receives the appropriate revenue during property transactions.