Guideline Value for Y- Block, 4th Street

Y- Block, 4th Street guideline value

The current guideline value for Y- Block, 4th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Mullam village, under the AnnaNagar SRO, and is classified as Residential Special Type - II.

How the guideline value of Y- Block, 4th Street has changed

Over the years, the guideline value for Y- Block, 4th Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 10,000 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, followed by a decrease to Rs 7,035 per sq.ft in 2017. The value then rose significantly to Rs 10,500 per sq.ft in 2023, and is currently set at Rs 11,500 per sq.ft from the 2024 revision. Notably, the revisions for 2002 and 2003 do not have any figures recorded for this street.

From 2017 to 2023, there was a substantial increase of 49%. The value then saw a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Mullam

Mullam village has 119 streets under the AnnaNagar SRO with a 2024 guideline value range from Rs 4,400 to Rs 15,900 per sq.ft. The median guideline value for these streets is Rs 11,500 per sq.ft, which is equal to the current value for Y- Block, 4th Street.

• Y Block 4609 to 4623 Second Avenue: Rs 15,900 per sq.ft (2024)
• Y- Block, 3rd Street: Rs 12,600 per sq.ft (2024)
• Y- Block, 5th 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, 6th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Y- Block, 4th Street

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, making the total cost for these fees 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Y- Block, 4th Street?

The Sub Registrar Office that covers Y- Block, 4th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 critical factor when registering property transactions in Mullam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately according to the prevailing rates.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Y- Block, 4th Street?

The current guideline value for Y- Block, 4th Street 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 changed from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with several revisions in between, including a decrease and subsequent increases.

Where can I find the Sub Registrar Office for Y- Block, 4th Street?

The Sub Registrar Office for Y- Block, 4th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for a property in Y- Block, 4th Street?

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

What is the land classification for Y- Block, 4th Street?

Y- Block, 4th Street is classified as Residential Special Type - II under the guideline value register.