Guideline Value for APPAR STREET (Britannia back side)

APPAR STREET (Britannia back side) guideline value

The current guideline value of APPAR STREET (Britannia back side) is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, and it falls under the Residential Class IV Type - III land classification.

How the guideline value of APPAR STREET (Britannia back side) has changed

The guideline value for APPAR STREET has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 301 per sq.ft. It increased to Rs 340 per sq.ft in 2003, followed by a rise to Rs 530 per sq.ft in 2007. The 2012 revision set the value at Rs 2,700 per sq.ft, but then it decreased to Rs 1,809 per sq.ft in 2017. The value increased again to Rs 2,700 per sq.ft in 2023, and finally, it is now Rs 2,800 per sq.ft as of the 2024 revision. There are no figures available for the years not mentioned in the register for this street.

Notably, the changes between the revisions are significant. From 2002 to 2024, the guideline value has increased by 830%. The most considerable jump occurred from 2007 to 2012, with an increase of 409%, while the value decreased by 33% from 2012 to 2017. The increase from 2017 to 2023 was 49%, and the rise from 2023 to 2024 is 4%.

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 13,200 per sq.ft, with a median value of Rs 3,800 per sq.ft. The guideline value of APPAR STREET (Britannia back side) is below this median.

• A.P.PLOTS 10th STREET: Rs 7,700 per sq.ft (2024)
• Appadurai Chetty Street: Rs 2,500 per sq.ft (2024)
• A.P.PLOTS 11th STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 12th STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 1st STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 2nd STREET: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in APPAR STREET (Britannia back side)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000. Together, the total cost for stamp duty and registration fee would be Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your stamp duty and registration fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers APPAR STREET (Britannia back side)?

The Sub Registrar Office that covers APPAR STREET (Britannia back side) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of APPAR STREET (Britannia back side)?

The current guideline value of APPAR STREET (Britannia back side) is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 301 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, showing a significant increase of 830% over the years.

What is the land classification of APPAR STREET (Britannia back side)?

APPAR STREET (Britannia back side) falls under the Residential Class IV Type - III land classification.

What are the stamp duty and registration fees for property in APPAR STREET (Britannia back side)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total stamp duty and registration fee would be Rs 2,52,000.

Which Sub Registrar Office covers APPAR STREET (Britannia back side)?

The Villivakkam Sub Registrar Office covers APPAR STREET (Britannia back side), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.