Guideline Value for Z- Block, 4th Street

Z- Block, 4th Street guideline value

The current guideline value for Z- Block, 4th 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, 4th Street has changed

The guideline value for Z- Block, 4th Street has seen several revisions over the years. In 2007, the value was Rs 10,000 per sq.ft. It increased to Rs 10,500 per sq.ft in 2012, but then decreased to Rs 7,035 per sq.ft in 2017. Following that, the value rose significantly to Rs 10,500 per sq.ft in 2023, and currently stands at Rs 11,500 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%. The value then increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Mullam

Mullam village has 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 value for these streets is Rs 11,500 per sq.ft, which aligns with the current value for Z- Block, 4th Street.

• Z- Block, 5th Avenue: Rs 14,800 per sq.ft (2024)
• Z- Block, 5th Street: Rs 11,500 per sq.ft (2024)
• Z Block 2nd Avenue: Rs 15,900 per sq.ft (2024)
• Z Block 6th Avenue: Rs 14,800 per sq.ft (2024)
• Z Block 13 Th Street: Rs 14,800 per sq.ft (2024)
• Z- Block, 6th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Z- Block, 4th 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, while the registration fee at 2% would be Rs 2,30,000, bringing the total to Rs 10,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Z- Block, 4th Street?

The Z- Block, 4th Street is covered by 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 a critical factor in determining the stamp duty and registration fees when buying or selling property in Mullam. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions.

When registering a property, the guideline value is used to calculate the applicable stamp duty, which is charged at a percentage of the higher value between the guideline value and the sale price. This ensures that the registration process is transparent and adheres to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Z- Block, 4th Street?

The current guideline value for Z- Block, 4th 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 various revisions in between. The most significant increase was from Rs 7,035 per sq.ft in 2017 to Rs 10,500 per sq.ft in 2023.

What is the land classification for Z- Block, 4th Street?

Z- Block, 4th Street is classified as Residential Special Type - II under the AnnaNagar SRO.

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 stamp duty calculated for properties in Mullam?

Stamp duty for properties in Mullam is calculated based on the higher value between the guideline value and the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.