Guideline Value for APARNA STREET

Aparna Street guideline value

The current guideline value of Aparna Street in Perumalagaram village is Rs 3,190 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class V Type - I.

How the guideline value of Aparna Street has changed

The guideline value for Aparna Street has seen several revisions over the years. In 2012, the value was set at Rs 2,900 per sq.ft. This was followed by a decrease to Rs 1,943 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 2,900 per sq.ft. The latest revision in 2024 increased the value by 10% to Rs 3,190 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 825 to Rs 7,920 per sq.ft. The median value is Rs 3,190 per sq.ft, which is equal to the 2024 figure for Aparna Street.

• Anusha Street: Rs 3,190 per sq.ft (2024)
• Attrankarai Street: Rs 2,420 per sq.ft (2024)
• Aura Elio's: Rs 3,300 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,650 per sq.ft (2024)
• Baskar Street: Rs 3,190 per sq.ft (2024)
• Bbcl Villa Haven: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Aparna Street

For a 1,000 sq.ft plot at the current rate of Rs 3,190 per sq.ft, the guideline value amounts to Rs 31,90,000. The stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, totaling Rs 2,87,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aparna Street?

The Sub Registrar Office covering Aparna Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Perumalagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction reflects the official valuation set by the authorities. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Aparna Street?

The current guideline value of Aparna Street is Rs 3,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,900 per sq.ft in 2012 to Rs 1,943 per sq.ft in 2017, then increased to Rs 2,900 per sq.ft in 2023, and finally to Rs 3,190 per sq.ft in 2024.

What is the land classification for Aparna Street?

Aparna Street is classified as Residential Class V Type - I under the Chennai South Joint II SRO.

Where can I find the Sub Registrar Office for Aparna Street?

The Sub Registrar Office for Aparna Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Aparna Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot measuring 1,000 sq.ft at the current rate, the total stamp duty and registration fees would amount to Rs 2,87,100.