Guideline Value for Y- Block, 7th Street

Y- Block, 7th Street guideline value

The current guideline value of Y- Block, 7th Street is Rs 11,500 per sq.ft. 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, 7th Street has changed

Looking at the revisions, the guideline value for Y- Block, 7th Street has seen several changes over the years. In 2007, the value was Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012. However, it then decreased to Rs 7,035 per sq.ft in 2017. The value rose significantly to Rs 10,500 per sq.ft in 2023, and currently, as of the 2024 revision, it stands at Rs 11,500 per sq.ft. There are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The value then increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Mullam

Mullam village has a range of guideline values for its 119 streets under the AnnaNagar SRO, with the 2024 figures 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 current guideline value of Y- Block, 7th Street.

• Y- Block, 6th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 8th 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, 5th 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, 7th 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 at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total to Rs 10,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Y- Block, 7th Street?

The Y- Block, 7th 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

The guideline value is an essential factor in property transactions in Mullam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

When registering a property, the guideline value helps in establishing a baseline for the property's worth. This value is crucial for both buyers and sellers as it influences the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Y- Block, 7th Street?

The current guideline value for Y- Block, 7th 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 increases and decreases in between, including a notable increase of 49% from 2017 to 2023.

What is the land classification of Y- Block, 7th Street?

Y- Block, 7th 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, 7th Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees amount to Rs 10,35,000.

Which office handles registrations for Y- Block, 7th Street?

The AnnaNagar Sub Registrar Office handles registrations for Y- Block, 7th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.