Guideline Value for APPAR NAGAR

Appar Nagar guideline value

The current guideline value of Appar Nagar is Rs 2,150 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Appar Nagar has changed

The guideline value of Appar Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,340 per sq.ft in 2017. The most recent revisions show an increase to Rs 2,000 per sq.ft in 2023 and further to Rs 2,150 per sq.ft in 2024, marking an increase of 8% from the previous year.

In total, from the 2007 revision to the current 2024 value, there has been an overall increase of 438%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Appar Nagar's 2024 figure below the median.

• Appar Samy Koil Street: Rs 3,300 per sq.ft (2024)
• Anna Nagar (Egavaliyamman Koil Street): Rs 3,300 per sq.ft (2024)
• A.Sathanthapuram (New Colony): Rs 2,800 per sq.ft (2024)
• Annamalai Nagars/Streets/Cross Streets: Rs 1,500 per sq.ft (2024)
• Ashok Avenue: Rs 2,400 per sq.ft (2024)
• Ashok Leyland Colony: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Appar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,150 per sq.ft, the total guideline value amounts to Rs 21,50,000. The stamp duty at 7% would be Rs 1,50,500, and the registration fee at 2% would be Rs 43,000, bringing the total charges to Rs 1,93,500. 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 Appar Nagar?

The Sub Registrar Office that covers Appar Nagar is located at Thiruvottiyur Sub Registrar Office, 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Thiruvottiyur. It serves as a benchmark for determining the minimum value at which property transactions can be registered. This ensures that the transactions are transparent and that the government receives appropriate revenue through stamp duties and registration fees.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This process helps maintain a standard for property transactions within the region.

Frequently asked questions

What is the current guideline value of Appar Nagar?

The current guideline value of Appar Nagar is Rs 2,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,150 per sq.ft in 2024, showing an overall increase of 438% over the years.

What are the other guideline values in Thiruvottiyur?

Other streets in Thiruvottiyur have varying guideline values, with rates ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median value is Rs 3,300 per sq.ft.

What is the stamp duty rate in Appar Nagar?

The stamp duty rate in Appar Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Appar Nagar located?

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