Guideline Value for APPA RAJI NAIDU STREET / APPA RAJI STREET

Appa Raji Naidu Street / Appa Raji Street guideline value

The current guideline value of Appa Raji Naidu Street / Appa Raji Street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Chinnasekkadu village under the Thiruvottiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Appa Raji Naidu Street / Appa Raji Street has changed

The guideline value for Appa Raji Naidu Street / Appa Raji Street has undergone several revisions over the years. In 2002, the value was Rs 66 per sq.ft, which increased to Rs 77 per sq.ft in 2003, marking a 17% rise. By 2007, the value further increased to Rs 200 per sq.ft, reflecting a significant 160% growth. The 2012 revision set the value at Rs 600 per sq.ft, a 200% increase from the previous revision. However, in 2017, the value dropped to Rs 402 per sq.ft, which was a decrease of 33% compared to 2012. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,001 per sq.ft from the 2024 revision, showing no change from the previous year.

There are no figures available for the revisions of this street for the years not mentioned in the register. The overall increase from 2002 to 2024 is 1,417%.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Appa Raji Naidu Street / Appa Raji Street is below this median.

• Anna Street: Rs 1,300 per sq.ft (2024)
• Asiriyar Thangaraj Street: Rs 1,300 per sq.ft (2024)
• A.V.P. Aasaithambi Street: Rs 1,001 per sq.ft (2024)
• Balji Palayam: Rs 1,001 per sq.ft (2024)
• Bharathi Dasan Street: Rs 1,001 per sq.ft (2024)
• Chandramman Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Appa Raji Naidu Street / Appa Raji Naidu Street

For a 1,000 sq.ft plot at the current rate of Rs 1,001 per sq.ft, the guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling Rs 90,090. 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 Appa Raji Naidu Street / Appa Raji Naidu Street?

The Sub Registrar Office that covers Appa Raji Naidu Street / Appa Raji Naidu Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Chinnasekkadu. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

It is essential for buyers and sellers to be aware of the current guideline value, as this will affect the overall costs involved in the transaction. Accurate calculation of these fees helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Appa Raji Naidu Street?

The current guideline value of Appa Raji Naidu Street / Appa Raji Naidu Street is Rs 1,001 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 66 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 1,417%.

What is the stamp duty rate for property in Chinnasekkadu?

The stamp duty rate for property in Chinnasekkadu is 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the other streets in Chinnasekkadu with their guideline values?

Other streets in Chinnasekkadu include Anna Street and Asiriyar Thangaraj Street, both at Rs 1,300 per sq.ft, and several others at Rs 1,001 per sq.ft.