Guideline Value for Z- Block, 10th Street

Z- Block, 10th Street guideline value

The current guideline value for Z- Block, 10th Street in Mullam village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of Z- Block, 10th Street has changed

The guideline value for Z- Block, 10th Street has seen several revisions 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. Following this, the value rose significantly to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft from the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2023 to 2024 reflects a 10% rise. The overall increase from 2007 to 2024 is 15%. The fluctuations in the guideline value highlight the changing dynamics of property valuation in the area.

Guideline values in Mullam

Mullam village has 119 streets under the AnnaNagar SRO, with a 2024 guideline value range from Rs 4,400 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, which is the same as the guideline value for Z- Block, 10th Street. Below are the guideline values for other streets in Mullam:

• Z- Block, 11th Street: Rs 11,500 per sq.ft (2024)
• Z Block 13 Th Street: Rs 14,800 per sq.ft (2024)
• Z Block 2nd Avenue 1652 A, B. C,D,E,F,G,H & Church: Rs 15,900 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, 10th 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, making the total cost for these fees Rs 10,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Z- Block, 10th Street?

The Z- Block, 10th Street 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mullam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized property value.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Z- Block, 10th Street?

The current guideline value of Z- Block, 10th 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 several revisions in between, including a significant increase from Rs 7,035 per sq.ft in 2017 to Rs 10,500 per sq.ft in 2023.

What are the other streets in Mullam with their guideline values?

Other streets in Mullam include Z- Block, 11th Street at Rs 11,500 per sq.ft, Z Block 13 Th Street at Rs 14,800 per sq.ft, and Z Block 2nd Avenue at Rs 15,900 per sq.ft, among others.

What is the registration fee for property in Z- Block, 10th Street?

The registration fee for property in Z- Block, 10th Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a registration fee of Rs 2,30,000.

Where can I find the Sub Registrar Office for Z- Block, 10th Street?

The Sub Registrar Office covering Z- Block, 10th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information by visiting the relevant link.