Guideline Value for A.P.PLOTS 12th STREET

A.P.PLOTS 12th STREET guideline value

The current guideline value of A.P.PLOTS 12th STREET is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of A.P.PLOTS 12th STREET has changed

The guideline value for A.P.PLOTS 12th STREET has seen several revisions over the years. In 2007, the value was Rs 1,650 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012, marking a rise of 324%. However, from 2012 to 2017, the value dropped to Rs 4,690 per sq.ft, a decrease of 33%. The value then rose again to Rs 7,000 per sq.ft in 2023, followed by a further increase to Rs 7,700 per sq.ft in the 2024 revision, which is a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 367%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 3,800 per sq.ft, and A.P.PLOTS 12th STREET's 2024 figure is above this median.

• A.P.PLOTS 11th STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 1st STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 10th STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 2nd STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 3rD STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 4th STREET: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in A.P.PLOTS 12th STREET

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. 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 A.P.PLOTS 12th STREET?

A.P.PLOTS 12th STREET falls under the Villivakkam 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the authorities will assess the guideline value to calculate taxes. Buyers should be aware that the duty is charged on the higher of the guideline value and the sale price, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of A.P.PLOTS 12th STREET?

The current guideline value of A.P.PLOTS 12th STREET is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,650 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, marking an overall increase of 367% over the years.

What is the stamp duty for property in A.P.PLOTS 12th STREET?

The stamp duty for property in A.P.PLOTS 12th STREET is 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 5,39,000.

Which office handles registrations for A.P.PLOTS 12th STREET?

The Villivakkam Sub Registrar Office handles registrations for A.P.PLOTS 12th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for A.P.PLOTS 12th STREET?

A.P.PLOTS 12th STREET is classified as Residential Class II Type - I, indicating its suitability for residential development.