Guideline Value for APPADURAI THOTTAM 5TH LANE

Appadurai Thottam 5th Lane guideline value

The current guideline value of Appadurai Thottam 5th Lane is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO and is classified as Residential Class IV Type - II.

How the guideline value of Appadurai Thottam 5th Lane has changed

Over the years, the guideline value for Appadurai Thottam 5th Lane has seen a few revisions. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 7,000 per sq.ft. Notably, there was no change in the value between the 2012 and 2023 revisions, as both were recorded at Rs 7,000 per sq.ft.

Looking further back, the register does not provide figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10% from Rs 7,000 per sq.ft to the current Rs 7,700 per sq.ft.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value for Appadurai Thottam 5th Lane is below this median.

• Appadurai Thottam 4th Lane: Rs 7,700 per sq.ft (2024)
• Appadurai Thottam 6th Lane: Rs 7,700 per sq.ft (2024)
• Appadurai Thottam 3rd Lane: Rs 7,700 per sq.ft (2024)
• APPADURAI THOTTAM - (M.K.Amman Koil Street ܼè¤ô¢ à÷¢÷¶): Rs 7,100 per sq.ft (2024)
• Appadurai Thottam 2nd Lane: Rs 7,700 per sq.ft (2024)
• Appadurai Thottam 1st Lane: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Appadurai Thottam 5th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, while the registration fee at 2% would be Rs 1,54,000, bringing the total fees to Rs 6,93,000. It is important to note that 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 Appadurai Thottam 5th Lane?

The Sub Registrar Office that covers Appadurai Thottam 5th Lane is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Mylapore. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the guideline value as it directly affects the financial obligations of the buyer. Proper understanding of these values ensures that all legal requirements are met during the transaction process.

Frequently asked questions

What is the current guideline value of Appadurai Thottam 5th Lane?

The current guideline value of Appadurai Thottam 5th Lane is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 7,000 per sq.ft in 2012 and 2023 to Rs 7,700 per sq.ft in 2024, reflecting a 10% increase overall from 2012 to 2024.

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

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which office handles property registrations in Mylapore?

The Mylapore Sub Registrar Office handles property registrations in Mylapore, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the land classification for Appadurai Thottam 5th Lane?

Appadurai Thottam 5th Lane is classified as Residential Class IV Type - II according to the guideline value register.