Guideline Value for APPASAMY STREET

Appasamy Street guideline value

The current guideline value of Appasamy Street in Puliyur village, under the Kodambakkam SRO, is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Appasamy Street has changed

The guideline value for Appasamy Street has undergone several revisions over the years. In 2007, the value was Rs 1,400 per sq.ft, which increased significantly to Rs 5,300 per sq.ft in both the 2012 and 2023 revisions, showing no change during that period. The latest revision in 2024 has raised the value to Rs 5,800 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 substantial increase of 314%. The register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, which is equal to the current guideline value of Appasamy Street.

• Anusuya Street: Rs 7,100 per sq.ft (2024)
• Arcot Salai (N.S.K.Salai): Rs 11,000 per sq.ft (2024)
• Arokiasamy Street: Rs 5,000 per sq.ft (2024)
• Anna Sami Street: Rs 4,400 per sq.ft (2024)
• Arunachala Nagar 1st Street: Rs 5,300 per sq.ft (2024)
• Arunachala Nagar 2nd Street: Rs 5,300 per sq.ft (2024)

Stamp duty and registration fee for property in Appasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, and the registration fee at 2% would total Rs 1,16,000, bringing the total fees together to Rs 5,22,000. It is important to note that 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 Appasamy Street?

The Sub Registrar Office that covers Appasamy Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to provide accurate details that reflect the guideline value. This ensures that all applicable fees are calculated correctly, avoiding any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Appasamy Street?

The current guideline value of Appasamy Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,400 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, which is a total increase of 314% over the years.

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

Other streets in Puliyur include Anusuya Street at Rs 7,100 per sq.ft, Arcot Salai at Rs 11,000 per sq.ft, Arokiasamy Street at Rs 5,000 per sq.ft, Anna Sami Street at Rs 4,400 per sq.ft, and Arunachala Nagar 1st and 2nd Streets at Rs 5,300 per sq.ft.

What fees are applicable when buying property in Appasamy Street?

When buying property in Appasamy Street, the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2% of the guideline value. These fees are calculated based on the higher of the guideline value or the sale price.

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

The Kodambakkam Sub Registrar Office covers Appasamy Street and is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.