Guideline Value for APPADURAI PILLAI STREET

Appadurai Pillai Street guideline value

The current guideline value of Appadurai Pillai Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thundalam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Appadurai Pillai Street has changed

The guideline value for Appadurai Pillai Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 300 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 400% increase. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, representing a decrease of 33%. The value then rose again to Rs 1,500 per sq.ft in 2023, and most recently, it increased to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value of Appadurai Pillai Street is below this median.

• Anna Nagar Vivekandar Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Thulasingam Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Senthamizh Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Sannathi Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Sannathi Cross Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Phase-II Main Road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Appadurai Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appadurai Pillai Street?

The Sub Registrar Office that covers Appadurai Pillai Street is the Chennai South Joint I 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 Thundalam

The guideline value plays a crucial role when buying or selling property in Thundalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction process. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues.

When a property is registered, the guideline value is used to calculate the applicable taxes and fees, which are essential for the legal transfer of ownership. It is advisable for both parties to be aware of the guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Appadurai Pillai Street?

The current guideline value of Appadurai Pillai Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 450% over the years.

What are the other streets in Thundalam with the same guideline value?

Other streets in Thundalam with a guideline value of Rs 1,650 per sq.ft in 2024 include Anna Nagar Vivekandar Street, Anna Nagar Thulasingam Street, Anna Nagar Senthamizh Street, Anna Nagar Sannathi Street, Anna Nagar Sannathi Cross Street, and Anna Nagar Phase-II Main Road.

What is the registration office for Appadurai Pillai Street?

The registration office for Appadurai Pillai Street is the Chennai South Joint I Sub Registrar Office, 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 Thundalam?

Stamp duty for properties in Thundalam is calculated based on the guideline value or the sale price, whichever is higher. It is important for buyers to be aware of these calculations to ensure they meet all legal requirements during the property transaction.