Guideline Value for Y- Block, 6th Street

Y- Block, 6th Street guideline value

The current guideline value of Y- Block, 6th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Mullam village under the AnnaNagar SRO, classified as Residential Special Type - II.

How the guideline value of Y- Block, 6th Street has changed

The guideline value for Y- Block, 6th Street has undergone several revisions over the years. In 2007, 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 finally reached Rs 11,500 per sq.ft in the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 15%. The changes between revisions include a 5% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mullam

In Mullam village, there are 119 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, which is equal to the guideline value of Y- Block, 6th Street.

• Y- Block, 7th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 8th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 5th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 9th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, Main Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 4th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Y- Block, 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty, charged at 7%, would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling Rs 10,35,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Y- Block, 6th Street?

The Y- Block, 6th Street is covered by 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

When buying or selling property in Mullam, the guideline value is a crucial factor as it determines the amount of stamp duty and registration fees payable. The guideline value is set by the government and reflects the minimum value at which properties can be registered.

It is essential to note that the guideline value may differ from the actual sale price of the property. During registration, the higher of the two values is considered for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Y- Block, 6th Street?

The current guideline value of Y- Block, 6th 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 various revisions in between, including a significant increase of 49% from 2017 to 2023.

What is the land classification for Y- Block, 6th Street?

Y- Block, 6th Street is classified as Residential Special Type - II under the AnnaNagar SRO.

What are the stamp duty and registration fees for a property in Y- Block, 6th 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.

Which Sub Registrar Office covers Y- Block, 6th Street?

The AnnaNagar Sub Registrar Office covers Y- Block, 6th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.