Guideline Value for Andiappa Gramani Street

Andiappa Gramani Street guideline value

The current guideline value of Andiappa Gramani Street is Rs 7,100 per sq.ft. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class II Type - I.

How the guideline value of Andiappa Gramani Street has changed

Over the years, the guideline value for Andiappa Gramani Street has seen significant changes. The earliest recorded figure is from 2003, where the value was Rs 501 per sq.ft. This value increased to Rs 1,000 per sq.ft in 2007, marking a 100% rise. Following that, the value jumped to Rs 6,500 per sq.ft in 2012, reflecting a remarkable 550% increase. However, it then decreased to Rs 4,355 per sq.ft in 2017, which is a 33% decline. The value rose again to Rs 6,500 per sq.ft in 2023, and as of July 1, 2024, it stands at Rs 7,100 per sq.ft, which is a 9% increase from the previous year.

There is no recorded figure for Andiappa Gramani Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 1317%.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, which is equal to the current value of Andiappa Gramani Street.

• Alagappa Salai: Rs 13,400 per sq.ft (2024)
• Alagappa first Street: Rs 11,000 per sq.ft (2024)
• Appa Garden Salai: Rs 11,000 per sq.ft (2024)
• Appa Rao Garde 5th cross Street: Rs 3,900 per sq.ft (2024)
• Appa Rao Gardeb 6th cross treet: Rs 3,900 per sq.ft (2024)
• Appa Rao Garden: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Andiappa Gramani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000, bringing the total fees to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andiappa Gramani Street?

The Sub Registrar Office that covers Andiappa Gramani Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Egmore. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The registration office will charge duty based on the higher of the two values, ensuring that the appropriate fees are collected during the registration process.

Frequently asked questions

What is the current guideline value of Andiappa Gramani Street?

The current guideline value of Andiappa Gramani Street is Rs 7,100 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 501 per sq.ft in 2003 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 1317% over this period.

What is the registration office for Andiappa Gramani Street?

The registration office for Andiappa Gramani Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Andiappa Gramani Street?

Stamp duty for properties in Andiappa Gramani Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property, the total fees would be Rs 6,39,000.

What are the other streets in Egmore with guideline values?

Other streets in Egmore under the Periamet SRO have varying guideline values, with some streets like Alagappa Salai at Rs 13,400 per sq.ft and Appa Rao Garden at Rs 7,100 per sq.ft.