Guideline Value for Z Block 2nd Avenue 1652 A, B. C,D,E,F,G,H & Church

Z Block 2nd Avenue 1652 A, B. C,D,E,F,G,H & Church guideline value

The current guideline value for Z Block 2nd Avenue 1652 A, B, C, D, E, F, G, H & Church is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Mullam village and falls under the AnnaNagar SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Z Block 2nd Avenue 1652 A, B. C,D,E,F,G,H & Church has changed

The guideline value for Z Block 2nd Avenue has undergone several revisions over the years. In 2007, the value was Rs 13,500 per sq.ft, which increased to Rs 14,500 per sq.ft in 2012, marking a 7% increase. However, from 2012 to 2017, the value decreased significantly to Rs 9,715 per sq.ft, reflecting a drop of 33%. The value then saw a substantial rise to Rs 14,500 per sq.ft in 2023, which was a 49% increase from the 2017 figure. The most recent revision in 2024 has set the value at Rs 15,900 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figure for this street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 18%.

Guideline values in Mullam

Mullam village has 119 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median guideline value in this area is Rs 11,500 per sq.ft, placing Z Block 2nd Avenue's 2024 figure above that median.

• Z Block 13 Th Street: Rs 14,800 per sq.ft (2024)
• Z- Block, 11th Street: Rs 11,500 per sq.ft (2024)
• Z- Block, 4th Street: Rs 11,500 per sq.ft (2024)
• Z- Block, 10th 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 2nd Avenue 1652 A, B. C,D,E,F,G,H & Church

For a 1,000 sq.ft plot at the current rate of Rs 15,900 per sq.ft, the guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, totaling Rs 14,31,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Z Block 2nd Avenue 1652 A, B. C,D,E,F,G,H & Church?

The Z Block 2nd Avenue 1652 A, B, C, D, E, F, G, H & Church is covered by 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 plays a crucial role during the registration of property transactions in Mullam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value for Z Block 2nd Avenue?

The current guideline value for Z Block 2nd Avenue 1652 A, B, C, D, E, F, G, H & Church is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 13,500 per sq.ft in 2007 to Rs 15,900 per sq.ft in 2024, marking an overall increase of 18% over the years.

What is the land classification for this property?

The land classification for Z Block 2nd Avenue is Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the AnnaNagar Sub Registrar Office?

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

How is the stamp duty calculated for properties in Mullam?

Stamp duty for properties in Mullam is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,59,00,000, the stamp duty at 7% would be Rs 11,13,000.