Guideline Value for Ammaiappan Lane

Ammaiappan Lane guideline value

The current guideline value of Ammaiappan Lane is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village under the Chennai Central Joint I SRO, classified as Residential Class I Type - III.

How the guideline value of Ammaiappan Lane has changed

The guideline value for Ammaiappan Lane has seen a revision from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, marking a change of +9%. Prior to the 2023 revision, the register has no figures for this street from the years 2017, 2012, 2007, 2003, and 2002.

In the 2024 revision, the guideline value of Rs 8,700 per sq.ft positions this street within the range of values for Mylapore Part 1. The previous figure of Rs 8,000 per sq.ft in 2023 reflects the last known value before the recent increase.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Ammaiappan Lane's 2024 figure slightly below this median.

• Ammaiappan Street: Rs 8,700 per sq.ft (2024)
• Ambujammal Street: Rs 14,300 per sq.ft (2024)
• Anbu Colony: Rs 6,100 per sq.ft (2024)
• Anbu Colony 1st Street: Rs 6,100 per sq.ft (2024)
• Anbu Colony 2nd Street: Rs 6,100 per sq.ft (2024)
• Alwarpet Street: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ammaiappan Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value amounts to Rs 87,00,000. The stamp duty at 7% would be Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, bringing the total charges to Rs 7,83,000. Please note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ammaiappan Lane?

The Sub Registrar Office that covers Ammaiappan Lane is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value plays a crucial role during the registration of property transactions in Mylapore Part 1. It is used to determine the stamp duty and registration fees that are applicable when buying or selling a property in this area.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. This value acts as a benchmark for assessing property transactions, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ammaiappan Lane?

The current guideline value of Ammaiappan Lane is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, reflecting a +9% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Ammaiappan Lane?

Ammaiappan Lane is classified as Residential Class I Type - III under the Chennai Central Joint I SRO.

What are the stamp duty and registration fees for properties in Ammaiappan Lane?

For a property valued at Rs 87,00,000, the stamp duty would be Rs 6,09,000 and the registration fee would be Rs 1,74,000, totaling Rs 7,83,000. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office handles registrations for Ammaiappan Lane?

The Chennai Central Joint I Sub Registrar Office handles registrations for Ammaiappan Lane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.