Guideline Value for APMS 1ST STREET-CHINNADI KUPPAM

Apms 1st Street-Chinnadi Kuppam guideline value

The current guideline value for Apms 1st Street-Chinnadi Kuppam is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Apms 1st Street-Chinnadi Kuppam has changed

The guideline value for Apms 1st Street-Chinnadi Kuppam has seen several revisions over the years. Starting from the 2012 revision, the guideline value was Rs 2,500 per sq.ft. It then decreased to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, it increased significantly by 49% to reach Rs 2,500 per sq.ft. The most recent revision in 2024 set the value at Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Apms 1st Street-Chinnadi Kuppam above this median at Rs 2,800 per sq.ft.

• APMS 2nd STREET-CHINNADI KUPPAM: Rs 2,800 per sq.ft (2024)
• Anuman Colony Main Road: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 5th CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 4th CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 3rd CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 2nd CROSS STREET: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Apms 1st Street-Chinnadi Kuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. It is important to note that 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 Apms 1st Street-Chinnadi Kuppam?

The Sub Registrar Office that covers Apms 1st Street-Chinnadi Kuppam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When completing a transaction, the guideline value helps to establish a fair basis for the financial obligations involved. It is crucial for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Apms 1st Street-Chinnadi Kuppam?

The current guideline value for Apms 1st Street-Chinnadi Kuppam is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the median guideline value in Enjambakkam?

The median guideline value for streets in Enjambakkam is Rs 2,200 per sq.ft, with Apms 1st Street-Chinnadi Kuppam being above this median.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,52,000, based on the current guideline value of Rs 2,800 per sq.ft.

Which office handles the registration for Apms 1st Street-Chinnadi Kuppam?

The Neelankarai Sub Registrar Office handles the registration for Apms 1st Street-Chinnadi Kuppam, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.