Guideline Value for APPAVOO NAGAR SUBBU PILLAI THOTTAM

Appavoo Nagar Subbu Pillai Thottam guideline value

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

How the guideline value of Appavoo Nagar Subbu Pillai Thottam has changed

The guideline value for Appavoo Nagar Subbu Pillai Thottam has seen several revisions over the years. In 2003, the guideline value was Rs 2,350 per sq.ft, which increased to Rs 2,500 per sq.ft in 2007. The value then rose significantly to Rs 4,000 per sq.ft in 2012, before dropping to Rs 2,680 per sq.ft in 2017. Following this, the value increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024. It is important to note that there is no figure available for this street in the 2002 revision.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. The value rose by 60% from 2007 to 2012, and there was a modest increase of 6% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 87%.

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, with a median value of Rs 6,600 per sq.ft. The guideline value for Appavoo Nagar Subbu Pillai Thottam is below this median.

• Appavoo Nagar Anna Street 1st Cross Street Iith Cross St: Rs 4,400 per sq.ft (2024)
• Appavoo Nagar 1 St Lane: Rs 4,400 per sq.ft (2024)
• Araganthan Sub Way: Rs 7,700 per sq.ft (2024)
• Arangappan Street: Rs 7,700 per sq.ft (2024)
• ANNA SALALI(DOOR No 380 to 389): Rs 22,000 per sq.ft (2024)
• ARYA GOWDA ROAD(D.No 11 to 25 NORTH TO SOUTH): Rs 15,400 per sq.ft (2024)

Stamp duty and registration fee for property in Appavoo Nagar Subbu Pillai Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty, charged at 7%, would amount to Rs 3,08,000, while 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Appavoo Nagar Subbu Pillai Thottam?

The Sub Registrar Office that covers Appavoo Nagar Subbu Pillai Thottam is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process for property transactions in Mambalam. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately in the official register. This helps maintain transparency and fairness in property dealings, as the fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Appavoo Nagar Subbu Pillai Thottam?

The current guideline value for Appavoo Nagar Subbu Pillai Thottam 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 changed from Rs 2,350 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 87% over this period.

What is the land classification for Appavoo Nagar Subbu Pillai Thottam?

The land classification for Appavoo Nagar Subbu Pillai Thottam is Residential Class III Type - III.

Which Sub Registrar Office is responsible for Appavoo Nagar Subbu Pillai Thottam?

The Thiyagaraya nagar Sub Registrar Office is responsible for Appavoo Nagar Subbu Pillai Thottam, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is the stamp duty calculated for properties in Appavoo Nagar Subbu Pillai Thottam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,08,000.