Guideline Value for Z- Block, 9th Street

Z- Block, 9th Street guideline value

The current guideline value for Z- Block, 9th Street in Mullam village, under the AnnaNagar SRO, is Rs 11,500 per sq.ft, effective from 1 July 2024. This classification falls under Residential Special Type - II.

How the guideline value of Z- Block, 9th Street has changed

Over the years, the guideline value for Z- Block, 9th Street has seen several revisions. The 2017 revision set the value at Rs 7,035 per sq.ft, which was a decrease of 33% from the 2012 revision of Rs 10,500 per sq.ft. The 2023 revision increased the value to Rs 10,500 per sq.ft, marking a significant increase of 49% from the 2017 figure. The most recent revision in 2024 raised the guideline value to Rs 11,500 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the years 2002 and 2003 in the register for this street. The 2007 revision listed the value at Rs 10,000 per sq.ft, which was a 5% increase from the previous 2012 revision. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Mullam

The 2024 guideline values for the 119 streets in Mullam under the AnnaNagar SRO range from Rs 4,400 to Rs 15,900 per sq.ft, with the median value being Rs 11,500 per sq.ft. Z- Block, 9th Street's current guideline value is equal to this median.

• Z- Block, 8th Street: Rs 11,500 per sq.ft (2024)
• Z- Block, 7th Street: Rs 11,500 per sq.ft (2024)
• Z- Block, 6th Street: Rs 11,500 per sq.ft (2024)
• Z Block 6th Avenue: Rs 14,800 per sq.ft (2024)
• Z- Block, 5th 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)

Stamp duty and registration fee for property in Z- Block, 9th 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, bringing the total to Rs 10,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Z- Block, 9th Street?

The Sub Registrar Office that covers Z- Block, 9th 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Mullam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Z- Block, 9th Street?

The current guideline value for Z- Block, 9th 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 increased from Rs 7,035 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2024, with significant changes in each revision year.

What is the classification of the land in Z- Block, 9th Street?

The land classification for Z- Block, 9th Street is Residential Special Type - II.

Which Sub Registrar Office is responsible for Z- Block, 9th Street?

The AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, is responsible for Z- Block, 9th Street.

How is the stamp duty calculated for properties in Mullam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 at 7%.