Guideline Value for X- Block, 6th Main Road 4330, 4359, Tower Park

X- Block, 6th Main Road 4330, 4359, Tower Park guideline value

The current guideline value for X- Block, 6th Main Road 4330, 4359, Tower Park 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 X- Block, 6th Main Road 4330, 4359, Tower Park 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 set the value at Rs 12,600 per sq.ft, reflecting a 10% increase from the previous year.

Prior to the 2017 revision, the guideline value was Rs 11,500 per sq.ft in 2012, which had decreased by 33% from Rs 11,000 per sq.ft in 2007. There are no figures available for the years 2002 and 2003 in the register for this street. Overall, the guideline value has increased by 15% from 2007 to 2024.

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 X- Block, 6th Main Road is above this median.

• X- Block, 5th Street: Rs 11,500 per sq.ft (2024)
• X BLock, 5th Main Road 4314 TO 4330: 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)
• Y- Block, 10th Street: Rs 11,500 per sq.ft (2024)
• Y Block 1 St Street: Rs 12,600 per sq.ft (2024)
• Y- Block, 2nd Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in X- Block, 6th Main Road 4330, 4359, Tower Park

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, leading to a total of Rs 11,34,000. Please 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 detailed calculations.

Which Sub Registrar Office covers X- Block, 6th Main Road 4330, 4359, Tower Park?

The Sub Registrar Office that covers X- Block, 6th Main Road 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 additional information.

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

The guideline value is a crucial factor when registering property transactions in Mullam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value for X- Block, 6th Main Road 4330, 4359, Tower Park 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 seen several changes, increasing from Rs 7,705 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2023, and then to Rs 12,600 per sq.ft in 2024.

What are the stamp duty rates applicable in Mullam?

The stamp duty rate applicable in Mullam is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

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

The Sub Registrar Office covering X- Block, 6th Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for X- Block, 6th Main Road?

The land classification for X- Block, 6th Main Road 4330, 4359, Tower Park is Residential Special Type - I.