Guideline Value

Corporate

Guideline Value for APPAVOO NAGAR 1 ST LANE

₹4400/sq.ft.

The guideline value for Appavoo Nagar 1 St Lane in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mambalam

Village

Thiyagaraya Nagar

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹544 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹490 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Appavoo Nagar 1 St Lane

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Appavoo Nagar 1 St Lane guideline value

The current guideline value of Appavoo Nagar 1 St Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village under the Thiyagaraya nagar SRO, and it falls under the Residential Class III Type - III land classification.

How the guideline value of Appavoo Nagar 1 St Lane has changed

The guideline value for Appavoo Nagar 1 St Lane has seen significant changes over the years. In 2002, the guideline value was Rs 490 per sq.ft, which increased to Rs 544 per sq.ft in 2003. Following that, the value rose to Rs 1,000 per sq.ft in 2007, marking an increase of 84%. The value then surged to Rs 4,000 per sq.ft in 2012, reflecting a remarkable 300% increase. However, there was a decrease to Rs 2,680 per sq.ft in 2017, which was a drop of 33%. The value then climbed to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 798%. The register has no figure for the years not mentioned in this overview.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, placing Appavoo Nagar 1 St Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Appavoo Nagar 1 St Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appavoo Nagar 1 St Lane?

The Sub Registrar Office that covers Appavoo Nagar 1 St Lane is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mambalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value for taxation purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Appavoo Nagar 1 St Lane?

The current guideline value of Appavoo Nagar 1 St Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 490 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 798% over this period.

What is the registration office for Appavoo Nagar 1 St Lane?

The registration office for Appavoo Nagar 1 St Lane is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is stamp duty calculated in Appavoo Nagar 1 St Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.

What are the other streets with guideline values in Mambalam?

Other streets in Mambalam include Appavoo Nagar Anna Street 1st Cross Street Iith Cross St and Appavoo Nagar Subbu Pillai Thottam, both with a guideline value of Rs 4,400 per sq.ft in 2024.