Guideline Value for APPARSAMY KOIL STREET

Apparsamy Koil Street guideline value

The current guideline value of Apparsamy Koil Street is Rs 7,100 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 - III.

How the guideline value of Apparsamy Koil Street has changed

The guideline value for Apparsamy Koil Street has undergone several revisions over the years. The earliest recorded figure was Rs 1,540 per sq.ft in 2007, which saw a significant increase to Rs 6,500 per sq.ft in 2012. This value remained unchanged until the next revision in 2023, when it again stood at Rs 6,500 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 7,100 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, there has been a remarkable increase of 361%. The register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing Apparsamy Koil Street's 2024 figure below that median.

• Appakannu Street: Rs 9,300 per sq.ft (2024)
• Appakannu Lane: Rs 8,800 per sq.ft (2024)
• APPADURAI THOTTAM - (M.K.Amman Koil Street): Rs 7,100 per sq.ft (2024)
• Appadurai Thottam 6th Lane: Rs 7,700 per sq.ft (2024)
• Appadurai Thottam 5th Lane: Rs 7,700 per sq.ft (2024)
• Appadurai Thottam 4th Lane: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Apparsamy Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Apparsamy Koil Street?

The Sub Registrar Office that covers Apparsamy Koil Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction value is appropriately assessed.

When a property is sold, the guideline value helps determine the minimum amount at which the property can be registered. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Apparsamy Koil Street?

The current guideline value of Apparsamy Koil Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,540 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, representing an overall increase of 361% over the years.

What are the other streets in Mylapore with their guideline values?

Other streets in Mylapore include Appakannu Street at Rs 9,300 per sq.ft, Appakannu Lane at Rs 8,800 per sq.ft, and several lanes of Appadurai Thottam ranging from Rs 7,100 to Rs 7,700 per sq.ft.

What is the stamp duty rate for properties in Apparsamy Koil Street?

The stamp duty rate for properties in Apparsamy Koil Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Apparsamy Koil Street?

The Sub Registrar Office for Apparsamy Koil Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.