Guideline Value for APPAR STREET

Appar Street guideline value

The current guideline value of Appar Street in Thiruvanmiyur village is Rs 11,000 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Special Type - II.

How the guideline value of Appar Street has changed

The guideline value for Appar Street has undergone several revisions over the years. In 2002, the value was Rs 1,397 per sq.ft, which increased to Rs 1,546 per sq.ft in 2003, marking an increase of 11%. The value saw a significant rise to Rs 2,200 per sq.ft in 2007, an increase of 42%. Following this, the value surged to Rs 10,000 per sq.ft in 2012, reflecting a substantial increase of 355%. However, it decreased to Rs 6,700 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 10,000 per sq.ft in 2023, and most recently, it has been revised to Rs 11,000 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 687%. There are no figures available for the revisions in the years not mentioned in this article.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that have a guideline value for 2024, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value in this area is Rs 9,900 per sq.ft, placing Appar Street's 2024 figure above this median.

• Anna Street (Ramji Street): Rs 8,250 per sq.ft (2024)
• Arundale 1st Street: Rs 11,000 per sq.ft (2024)
• Arundale 2nd Street: Rs 11,000 per sq.ft (2024)
• Arundale 3rd Street: Rs 11,000 per sq.ft (2024)
• Astalakshmi Avenue: Rs 8,250 per sq.ft (2024)
• Astalakshmi Garden: Rs 8,250 per sq.ft (2024)

Stamp duty and registration fee for property in Appar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, resulting in a total of Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appar Street?

The Sub Registrar Office that covers Appar Street is the Chennai South Joint I Sub Registrar Office, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with government regulations.

When a property is sold, the guideline value is taken into account to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller adhere to the legal requirements set forth by the local authorities when executing property transactions.

Frequently asked questions

What is the current guideline value of Appar Street?

The current guideline value of Appar Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,397 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 687% over the years.

What is the land classification of Appar Street?

Appar Street is classified as Residential Special Type - II under the Chennai South Joint I SRO.

Where can I find the Sub Registrar Office for Appar Street?

The Sub Registrar Office for Appar Street is the Chennai South Joint I Sub Registrar Office, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Appar Street?

Stamp duty for properties in Appar Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 at a rate of 7%.