Guideline Value for Apmen 4th Street (Hoppman Street)

Apmen 4th Street (Hoppman Street) guideline value

The current guideline value of Apmen 4th Street (Hoppman Street) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Apmen 4th Street (Hoppman Street) has changed

The guideline value for Apmen 4th Street (Hoppman Street) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, an increase of 11% from the 2023 figure of Rs 3,500 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 2,345 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure. The 2012 revision also had a value of Rs 3,500 per sq.ft, which was a decrease of 33% from the 2017 figure.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%.

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 4th Street (Hoppman Street).

• Apmen 3rd Street (Hoppman Street): Rs 3,900 per sq.ft (2024)
• Apmen 5th Street (Hoppman Street): Rs 3,900 per sq.ft (2024)
• Apmen 2nd Street (Hoppman Street): Rs 5,000 per sq.ft (2024)
• Apmen 1st 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 4th Street (Hoppman Street)

For a property measuring 1,000 sq.ft at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be 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 or the sale price.

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

Which Sub Registrar Office covers Apmen 4th Street (Hoppman Street)?

The Sub Registrar Office that covers Apmen 4th 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 a crucial factor during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the transaction is recorded accurately. This value helps in establishing the official price at which the property is deemed to have been sold, impacting the fees payable to the government.

Frequently asked questions

What is the current guideline value of Apmen 4th Street (Hoppman Street)?

The current guideline value of Apmen 4th 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 2,345 per sq.ft in 2017 to Rs 3,900 per sq.ft in 2024, with various revisions in between.

What is the land classification for Apmen 4th Street?

Apmen 4th Street (Hoppman Street) is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 39,00,000, the stamp duty is Rs 2,73,000 and the registration fee is Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for Apmen 4th Street?

The Alandur Sub Registrar Office handles the registration for Apmen 4th Street (Hoppman Street), located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.