Guideline Value for A.P.Patro Salai

A.P.Patro Salai guideline value

The current guideline value of A.P.Patro Salai is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, classified as Residential Class II Type - II.

How the guideline value of A.P.Patro Salai has changed

The guideline value for A.P.Patro Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which then decreased to Rs 4,020 per sq.ft in the 2017 revision. However, this figure saw a significant increase in the 2023 revision to Rs 6,000 per sq.ft, followed by a further increase to Rs 6,600 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figure for this street in the years 2002, 2003, and 2007.

Guideline values in Kodambakkam

Kodambakkam has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing A.P.Patro Salai's 2024 value above this median.

• Appas Maistry Street: Rs 4,400 per sq.ft (2024)
• Appasamy Street (Block 45): Rs 4,400 per sq.ft (2024)
• Appar Street (Thiru Nagar): Rs 4,400 per sq.ft (2024)
• Appadurai Naicker Street (Block 80): Rs 4,400 per sq.ft (2024)
• Arcot Salai: Rs 11,000 per sq.ft (2024)
• Anugraha Colony: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in A.P.Patro Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.P.Patro Salai?

The Sub Registrar Office that covers A.P.Patro Salai is the Ashok Nagar 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 Kodambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.P.Patro Salai?

The current guideline value of A.P.Patro Salai is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase being from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, which is a 10% rise. The value has also increased significantly from Rs 4,020 per sq.ft in 2017.

What is the land classification for A.P.Patro Salai?

A.P.Patro Salai is classified as Residential Class II Type - II, which indicates its purpose and zoning within the Kodambakkam area.

What are the stamp duty rates for properties in A.P.Patro Salai?

The stamp duty for properties in A.P.Patro Salai is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the same value.

Where is the Sub Registrar Office for A.P.Patro Salai located?

The Sub Registrar Office for A.P.Patro Salai is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.