Guideline Value for Z- Block, 11th Street

Z- Block, 11th Street guideline value

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

How the guideline value of Z- Block, 11th Street has changed

Over the years, the guideline value for Z- Block, 11th Street has seen several revisions. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 in 2012. However, it then decreased to Rs 7,035 in 2017. The value saw a significant increase to Rs 10,500 in 2023, followed by a further rise to Rs 11,500 in 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 15%.

Guideline values in Mullam

Mullam village has 119 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, which matches the current guideline value of Z- Block, 11th Street.

• Z- Block, 10th 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, 11th 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, totaling Rs 10,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Z- Block, 11th Street?

The Sub Registrar Office that covers Z- Block, 11th Street is 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 during property transactions in Mullam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value will affect the stamp duty and registration fees that need to be paid. It is crucial for both parties to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Z- Block, 11th Street?

The current guideline value of Z- Block, 11th 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, with notable increases in 2023 and 2024 revisions.

What is the land classification of Z- Block, 11th Street?

Z- Block, 11th Street is classified as Residential Special Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,15,00,000, the total stamp duty and registration fees would amount to Rs 10,35,000, based on the current guideline value.

Where is the Sub Registrar Office for Z- Block, 11th Street located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, which covers Z- Block, 11th Street.