Guideline Value for APMS Nagar

APMS Nagar guideline value

The current guideline value of APMS Nagar, located in Mevaloorkuppam B village, is Rs 1,320 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the jurisdiction of the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of APMS Nagar has changed

The guideline value for APMS Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 1,320 per sq.ft, marking an increase of 47% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 119%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The steady increase in the guideline value reflects the changes made in the 2023 and 2024 revisions, with a notable increase of 49% from 2017 to 2023.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, and APMS Nagar's current value of Rs 1,320 per sq.ft is above this median.

• Arakkonam Salai: Rs 1,320 per sq.ft (2024)
• Arlington County Phase - IV: Rs 1,344 per sq.ft (2024)
• Arlington County Ph.I: Rs 1,320 per sq.ft (2024)
• Arlington county Ph.I Extension: Rs 1,320 per sq.ft (2024)
• Arlington county Ph.II: Rs 1,320 per sq.ft (2024)
• Anna Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in APMS Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. It is 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 APMS Nagar?

The Sub Registrar Office that covers APMS Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Mevaloorkuppam B. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable during the registration process. This ensures that the government receives the correct dues based on the established values for properties in the area.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the overall cost of a property transaction. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of APMS Nagar?

The current guideline value of APMS Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 119%, rising from Rs 603 per sq.ft to Rs 1,320 per sq.ft.

What is the land classification of APMS Nagar?

APMS Nagar is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for APMS Nagar?

The Sub Registrar Office for APMS Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in APMS Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at a rate of 7%.