Guideline Value for APPAN IYYENGAR STREET

Appan Iyyengar Street guideline value

The current guideline value of Appan Iyyengar Street is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village and falls under the Madurandakam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Appan Iyyengar Street has changed

The guideline value for Appan Iyyengar Street has seen several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 350 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, representing a significant rise of 186%. However, the value then decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. The most recent revisions show an increase to Rs 1,000 per sq.ft in 2023, followed by another rise to Rs 1,110 per sq.ft in 2024, which is an increase of 11% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 217%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Mathuranthagam

In Mathuranthagam village, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,480 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Appan Iyyengar Street's 2024 figure above that median.

• Arulaleesvarankoil Ponniamman Koil Street: Rs 1,110 per sq.ft (2024)
• Arulaleeswaran Koil Malattu Kuttai Street, Bungalow Colony Mettu Street: Rs 555 per sq.ft (2024)
• Arulaleeswaran Koil Street: Rs 1,110 per sq.ft (2024)
• Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street: Rs 555 per sq.ft (2024)
• Arulaleeswaran Pillayar Koil Street: Rs 1,110 per sq.ft (2024)
• Anand Nagar: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Appan Iyyengar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, while the registration fee at 2% would be Rs 22,200. Together, these fees would total Rs 99,900. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Appan Iyyengar Street?

The Sub Registrar Office that covers Appan Iyyengar Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Mathuranthagam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is referenced to ensure that the correct fees are calculated based on the property’s value. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Appan Iyyengar Street?

The current guideline value of Appan Iyyengar Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 350 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, reflecting an overall increase of 217% over the years.

What is the land classification for Appan Iyyengar Street?

The land classification for Appan Iyyengar Street is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the registration office for Appan Iyyengar Street?

The registration office for Appan Iyyengar Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Appan Iyyengar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 11,10,000 would incur a stamp duty of Rs 77,700 at 7%.