Guideline Value

Corporate

Guideline Value for W- Block, 5th Main Road 4302 to 4313, 4383, Sivasakthi Kalyana Mandapam, Karnataka Bank

₹12600/sq.ft.

The guideline value for W- Block, 5th Main Road 4302 To 4313, 4383, Sivasakthi Kalyana Mandapam, Karnataka Bank in Mullam village (Annanagar SRO, Chennai zone) is Rs 12600 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mullam

Village

AnnaNagar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹12600 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹11000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on W- Block, 5th Main Road 4302 To 4313, 4383, Sivasakthi Kalyana Mandapam, Karnataka Bank

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W- Block, 5th Main Road 4302 to 4313, 4383, Sivasakthi Kalyana Mandapam, Karnataka Bank guideline value

The current guideline value for W- Block, 5th Main Road 4302 to 4313, 4383, Sivasakthi Kalyana Mandapam, Karnataka Bank is Rs 12,600 per sq.ft. 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, 5th Main Road 4302 to 4313, 4383, Sivasakthi Kalyana Mandapam, Karnataka Bank has changed

The guideline value has seen several revisions over the years. The earliest available figure is from the 2007 revision, which was Rs 11,000 per sq.ft. This increased to Rs 11,500 per sq.ft in 2012, a rise of 5%. However, in the 2017 revision, the value decreased to Rs 7,705 per sq.ft, marking a decline of 33%. The 2023 revision brought a significant increase to Rs 11,500 per sq.ft, and this was further raised to Rs 12,600 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 15%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

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, 5th Main Road 4302 to 4313, 4383 is above this median.

Stamp duty and registration fee for property in W- Block, 5th Main Road 4302 to 4313, 4383, Sivasakthi Kalyana Mandapam, Karnataka Bank

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, bringing the total to Rs 11,34,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers W- Block, 5th Main Road 4302 to 4313, 4383, Sivasakthi Kalyana Mandapam, Karnataka Bank?

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 during the registration process 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 the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value to avoid discrepancies during registration. The higher of the guideline value and the sale price will be used to calculate the applicable duties and fees, which are essential for a legal transfer of ownership.

Frequently asked questions

What is the current guideline value for W- Block, 5th Main Road 4302 to 4313, 4383?

The current guideline value for W- Block, 5th Main Road 4302 to 4313, 4383 is Rs 12,600 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 11,000 per sq.ft in 2007 to Rs 12,600 per sq.ft in 2024, reflecting an overall increase of 15% over the years.

What is the land classification for this area?

The land classification for W- Block, 5th Main Road 4302 to 4313, 4383 is Residential Special Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office covering this area is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the 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 1,26,00,000, the stamp duty would be 7% of this amount.