Guideline Value for APPU MAISTRY STREET

Appu Maistry Street guideline value

The current guideline value of Appu Maistry Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Appu Maistry Street has changed

The guideline value for Appu Maistry Street has seen significant changes over the years. In 2002, the value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003, marking a 10% rise. The value further jumped to Rs 800 per sq.ft in 2007, reflecting a 74% increase. However, from 2007 to 2012, the value decreased to Rs 3,500 per sq.ft, a decline of 33%. The 2017 revision saw an increase to Rs 2,345 per sq.ft, followed by a substantial rise to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,800 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 805%. The register has no figures for the years not listed above.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, placing Appu Maistry Street's 2024 figure above that median.

• Arignar Anna Nagar: Rs 2,700 per sq.ft (2024)
• Annaswamy Street: Rs 3,800 per sq.ft (2024)
• Anna Street. Kakkanji Colony: Rs 2,700 per sq.ft (2024)
• Arumugam Pillai Street: Rs 2,700 per sq.ft (2024)
• Arunasalam Street: Rs 2,200 per sq.ft (2024)
• Arunthathipuram: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Appu Maistry Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total cost for these fees to Rs 3,42,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Appu Maistry Street?

The Sub Registrar Office that covers Appu Maistry Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher amount. This ensures that the government receives the appropriate revenue from property transactions, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value of Appu Maistry Street?

The current guideline value of Appu Maistry Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 420 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 805%.

What is the land classification of Appu Maistry Street?

Appu Maistry Street falls under the Residential Class II Type - II land classification.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for property in Appu Maistry Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 3,42,000.