Guideline Value for Y- Block, Main Street

Y- Block, Main Street guideline value

The current guideline value for Y- Block, Main Street is Rs 11,500 per sq.ft. This street is located in Mullam village under the AnnaNagar SRO, classified as Residential Special Type - II.

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

The guideline value for Y- Block, Main Street has seen several revisions over the years. The earliest recorded figure was in 2007 at Rs 10,000 per sq.ft, which increased to Rs 10,500 in 2012. However, this value decreased to Rs 7,035 in 2017, marking a significant drop of 33%. The value then rose sharply to Rs 10,500 in 2023, and further increased by 10% to the current value of Rs 11,500 effective from 1 July 2024.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 15%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mullam

In Mullam, 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 guideline value for these streets is Rs 11,500 per sq.ft, which is equal to the current value for Y- Block, Main Street.

• Y- Block, 9th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 8th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 7th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 6th Street: Rs 11,500 per sq.ft (2024)
• Y- Block, 5th Street: Rs 11,500 per sq.ft (2024)
• Z- Block, 10th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Y- Block, Main 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, bringing the total fees to Rs 10,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Y- Block, Main Street?

The Sub Registrar Office covering Y- Block, Main Street 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 information.

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

The guideline value is a crucial factor when registering property transactions in Mullam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the seller and buyer must consider the guideline value to ensure that the correct fees are calculated. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

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

The current guideline value for Y- Block, Main 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 in 2007 to Rs 11,500 in 2024, reflecting an overall increase of 15% over the years.

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

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

Where is the Sub Registrar Office located for Y- Block, Main Street?

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

How is the stamp duty calculated for properties in Y- Block, Main Street?

Stamp duty is charged at 7% on the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.