Guideline Value for Y- Block, 5th Main Road 4331 to 4344, 4505, 4506

Y- Block, 5th Main Road 4331 to 4344, 4505, 4506 guideline value

The current guideline value for Y- Block, 5th Main Road 4331 to 4344, 4505, 4506 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, classified as Residential Special Type - I.

How the guideline value of Y- Block, 5th Main Road 4331 to 4344, 4505, 4506 has changed

Over the years, the guideline value for this street has seen several revisions. The 2017 revision set the value at Rs 7,705 per sq.ft, which was a significant increase of 49% from the previous revision in 2012, where the value was Rs 11,500 per sq.ft. The 2007 revision had established a value of Rs 11,000 per sq.ft, marking a 5% increase from the 2012 figure. The 2023 revision raised the value to Rs 11,500 per sq.ft, and the latest 2024 revision further increased it by 10% to Rs 12,600 per sq.ft.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, there has been a 15% increase in the guideline value.

Guideline values in Mullam

In Mullam village, 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. The median value among these streets is Rs 11,500 per sq.ft, placing the 2024 figure for Y- Block, 5th Main Road above this median.

• Y- Block, 5th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 4th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 6th Street: Rs 11,500 per sq.ft (2024)
• Y Block 4609 to 4623 Second Avenue: Rs 15,900 per sq.ft (2024)
• Y- Block, 7th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 8th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Y- Block, 5th Main Road 4331 to 4344, 4505, 4506

For a 1,000 sq.ft plot at the current rate of Rs 12,600 per sq.ft, the 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, 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Y- Block, 5th Main Road 4331 to 4344, 4505, 4506?

The Sub Registrar Office that covers Y- Block, 5th Main Road 4331 to 4344, 4505, 4506 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mullam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps in maintaining transparency and standardization in property transactions. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Y- Block, 5th Main Road 4331 to 4344, 4505, 4506?

The current guideline value for Y- Block, 5th Main Road 4331 to 4344, 4505, 4506 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, reflecting various revisions over the years.

What is the land classification for this property?

The property is classified as Residential Special Type - I, indicating its residential nature and specific classification under the local regulations.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 11,34,000, based on the current guideline value of Rs 12,600 per sq.ft.

Where is the Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.