Guideline Value for Ammaiappan Street

Ammaiappan Street guideline value

The current guideline value of Ammaiappan Street 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, and is classified as Residential Class I Type - III.

How the guideline value of Ammaiappan Street has changed

According to the guideline value register, there are no figures for Ammaiappan Street in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 8,000 per sq.ft, which increased to Rs 8,700 per sq.ft in the 2024 revision, marking a change of +9%.

The current guideline value of Rs 8,700 per sq.ft is the most recent figure, reflecting the 2024 revision. This increase from the previous year's value indicates a notable adjustment in the guideline value for this street.

Guideline values in Mylapore Part 1

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

• Ammaiappan Lane: 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 Street

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, making the total cost for these fees Rs 7,83,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Ammaiappan Street?

The Sub Registrar Office that covers Ammaiappan Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 1. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value helps determine the minimum sale price for registration purposes. This ensures that all transactions are documented accurately and transparently, reflecting the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Ammaiappan Street?

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

How has the guideline value changed recently?

In the 2023 revision, the guideline value was Rs 8,000 per sq.ft, which increased by 9% to Rs 8,700 per sq.ft in the 2024 revision.

What is the land classification for Ammaiappan Street?

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

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

The Sub Registrar Office for Ammaiappan Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Ammaiappan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 87,00,000, the stamp duty at 7% would be Rs 6,09,000.