Guideline Value for Y Block 4609 to 4623 Second Avenue

Y Block 4609 to 4623 Second Avenue guideline value

The current guideline value for Y Block 4609 to 4623 Second Avenue is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Mullam village, under the AnnaNagar SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Y Block 4609 to 4623 Second Avenue has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft. This increased to Rs 14,500 per sq.ft in 2012, marking a 7% rise. However, the value then decreased to Rs 9,715 per sq.ft in 2017, which was a significant drop of 33%. Following this, there was a notable increase of 49%, bringing the value to Rs 14,500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 15,900 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 18%.

Guideline values in Mullam

Mullam village has 119 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, placing Y Block 4609 to 4623 Second Avenue above this median.

• Y- Block, 3rd Street: Rs 12,600 per sq.ft (2024)
• Y- Block, 4th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 2nd Street: Rs 11,500 per sq.ft (2024)
• Y Block 1 St Street: Rs 12,600 per sq.ft (2024)
• Y- Block, 5th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 10th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Y Block 4609 to 4623 Second Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, while the registration fee at 2% would be Rs 3,18,000, bringing the total charges to Rs 14,31,000. 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 Y Block 4609 to 4623 Second Avenue?

The Sub Registrar Office that covers Y Block 4609 to 4623 Second Avenue 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 stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for Y Block 4609 to 4623 Second Avenue?

The current guideline value for Y Block 4609 to 4623 Second Avenue is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,500 per sq.ft in 2007 to Rs 15,900 per sq.ft in 2024, with various increases and a decrease in between. The most recent increase was 10% from 2023 to 2024.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the stamp duty would be Rs 11,13,000 and the registration fee would be Rs 3,18,000, totaling Rs 14,31,000.

Which office handles registrations for this property?

The AnnaNagar Sub Registrar Office handles registrations for Y Block 4609 to 4623 Second Avenue, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Mullam?

The median guideline value for streets in Mullam is Rs 11,500 per sq.ft, with Y Block 4609 to 4623 Second Avenue being above this median at Rs 15,900 per sq.ft.