Guideline Value for Apmen 3rd Street (Hoppman Street)

Apmen 3rd Street (Hoppman Street) guideline value

The current guideline value of Apmen 3rd Street (Hoppman Street) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Apmen 3rd Street (Hoppman Street) has changed

The guideline value for Apmen 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,345 per sq.ft. The 2023 revision increased the value to Rs 3,500 per sq.ft, and the latest 2024 revision raised it further to Rs 3,900 per sq.ft, marking an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of Apmen 3rd Street.

• Apmen 2nd Street (Hoppman Street): Rs 5,000 per sq.ft (2024)
• Apmen 4th Street (Hoppman Street): Rs 3,900 per sq.ft (2024)
• Apmen 1st Street (Hoppman Street): Rs 3,900 per sq.ft (2024)
• Apmen 5th Street (Hoppman Street): Rs 3,900 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 3,900 per sq.ft (2024)
• Audco Colony - 2nd street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Apmen 3rd Street (Hoppman Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use this stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Apmen 3rd Street (Hoppman Street)?

The Sub Registrar Office that covers Apmen 3rd Street (Hoppman Street) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Adambakkam, as it is used to determine the stamp duty and registration fees. This value is set by the government and is regularly revised to reflect changes in the market.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Apmen 3rd Street?

The current guideline value of Apmen 3rd Street (Hoppman Street) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, representing an increase of 11%. The value in 2017 was Rs 2,345 per sq.ft, and the 2012 revision was Rs 3,500 per sq.ft.

What is the land classification for Apmen 3rd Street?

The land classification for Apmen 3rd Street (Hoppman Street) is Residential Class I Type - III.

Where can I find the Sub Registrar Office for Apmen 3rd Street?

The Sub Registrar Office for Apmen 3rd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for property in Apmen 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at a rate of 7%.