Guideline Value for Z BLOCK 13 TH STREET

Z Block 13 Th Street guideline value

The current guideline value for Z Block 13 Th Street in Mullam village is Rs 14,800 per sq.ft, effective from 1 July 2024. This street falls under the AnnaNagar Sub Registrar Office (SRO) and is classified as Mixed Type - I.

How the guideline value of Z Block 13 Th Street has changed

Over the years, the guideline value for Z Block 13 Th Street has seen several revisions. The 2007 revision set the value at Rs 10,000 per sq.ft, which then decreased to Rs 9,045 per sq.ft in 2017. Following this, the value increased significantly to Rs 13,500 per sq.ft in 2023, and it further rose to Rs 14,800 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2012.

In terms of percentage changes, there was a decrease of 10% from 2007 to 2017, followed by a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 10%. Overall, from 2007 to 2024, the guideline value has increased by 48%.

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, with a median value of Rs 11,500 per sq.ft. Z Block 13 Th Street's 2024 figure of Rs 14,800 per sq.ft is above this median.

• Z Block 2nd Avenue 1652 A, B. C,D,E,F,G,H & Church: Rs 15,900 per sq.ft (2024)
• Z- Block, 11th Street: Rs 11,500 per sq.ft (2024)
• Z- Block, 10th Street: Rs 11,500 per sq.ft (2024)
• Z- Block, 4th Street: Rs 11,500 per sq.ft (2024)
• Z- Block, 5th Avenue 54 to 60,61,63,64 to 77, MIG Flats, 1010A, Bains School, 5072A, 5072B, 02: Rs 14,800 per sq.ft (2024)
• Z- Block, 5th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Z Block 13 Th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 14,800 per sq.ft, the total guideline value amounts to Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, while the registration fee at 2% would be Rs 2,96,000. Together, the total charges would be Rs 13,32,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Z Block 13 Th Street?

The Z Block 13 Th Street falls under the jurisdiction of 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 when buying or selling property in Mullam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory costs involved in the transaction.

When a property is sold, the guideline value ensures that the transaction is documented at a fair value, preventing undervaluation. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Z Block 13 Th Street?

The current guideline value of Z Block 13 Th Street is Rs 14,800 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 14,800 per sq.ft in 2024, marking an overall increase of 48% over this period.

What is the land classification for Z Block 13 Th Street?

Z Block 13 Th Street is classified as Mixed Type - I, which indicates its suitability for various types of developments.

What are the stamp duty and registration fees for a property in Z Block 13 Th Street?

For a property valued at Rs 1,48,00,000, the stamp duty would be Rs 10,36,000, and the registration fee would be Rs 2,96,000, totaling Rs 13,32,000.

Which Sub Registrar Office is responsible for Z Block 13 Th Street?

The AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, is responsible for Z Block 13 Th Street.