Guideline Value for A.P.N. Nagar

A.P.N. Nagar guideline value

The current guideline value of A.P.N. Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under Selaiyur village, which is governed by the Selaiyur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of A.P.N. Nagar has changed

The guideline value for A.P.N. Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 1,340 per sq.ft. This was followed by a rise to Rs 2,000 per sq.ft in 2023 and finally reaching Rs 2,200 per sq.ft in the 2024 revision.

Notably, the changes between revisions reflect a +567% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +10% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Selaiyur

Selaiyur village has a total of 478 streets under the Selaiyur SRO, with the 2024 guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value of A.P.N. Nagar.

• Antony Street: Rs 1,100 per sq.ft (2024)
• Antony Pillai Street: Rs 1,300 per sq.ft (2024)
• Arthi Nagar: Rs 2,400 per sq.ft (2024)
• Anna Street: Rs 2,900 per sq.ft (2024)
• Arumuganar Street: Rs 2,200 per sq.ft (2024)
• Anna Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in A.P.N. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It's important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.P.N. Nagar?

The Sub Registrar Office that covers A.P.N. Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is crucial to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of A.P.N. Nagar?

The current guideline value of A.P.N. Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, with various revisions in between showing both increases and decreases.

What is the land classification of A.P.N. Nagar?

A.P.N. Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated in A.P.N. Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.