Guideline Value for Ammaiappan Street

Ammaiappan Street guideline value

The current guideline value of Ammaiappan Street is Rs 8,700 per sq.ft. This street is located in Mylapore Part 2 village under the Chennai Central Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Ammaiappan Street has changed

The guideline value for Ammaiappan Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 8,700 per sq.ft, an increase from Rs 8,000 per sq.ft in the 2023 revision, marking a change of +9%. Prior to 2023, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register.

In summary, the guideline value increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024. The previous revisions do not provide any figures for Ammaiappan Street, indicating that the values were either not applicable or not recorded for those years.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value, 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 Street's value below this 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 would be Rs 87,00,000. The stamp duty at 7% would amount to Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, bringing the total fees together to Rs 7,83,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more assistance, you can use our stamp duty and registration fee calculator.

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. For more information on finding your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is an essential reference point for property transactions in Mylapore Part 2. It serves as the basis for calculating the stamp duty and registration fees required during the registration of property transactions.

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 over the years?

The guideline value for Ammaiappan Street increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, representing a change of +9%. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Mylapore Part 2?

The median guideline value for the 332 streets in Mylapore Part 2 is Rs 8,800 per sq.ft. Ammaiappan Street's guideline value is below this median.

What are the stamp duty and registration fees for Ammaiappan Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is charged at 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 7,83,000.

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. You can find more information on locating your SRO online.