Guideline Value for Apmen 5th Street (Hoppman Street)

Apmen 5th Street (Hoppman Street) guideline value

The current guideline value of Apmen 5th 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 5th Street (Hoppman Street) has changed

Over the years, the guideline value of Apmen 5th Street has undergone several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 2,345 per sq.ft. However, the value saw a significant increase in the subsequent revisions, with the 2023 revision bringing it up to Rs 3,500 per sq.ft, followed by the latest 2024 revision that set it at Rs 3,900 per sq.ft, marking an 11% increase from the previous year.

From the 2017 revision to 2023, there was a 49% increase in the guideline value. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 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 the same as the 2024 figure for Apmen 5th Street.

• Apmen 4th Street (Hoppman Street): Rs 3,900 per sq.ft (2024)
• Apmen 3rd 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 5th 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 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, totaling Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Apmen 5th Street (Hoppman Street)?

The Sub Registrar Office that covers Apmen 5th 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 plays a crucial role during property transactions in Adambakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value ensures that the government receives the appropriate fees based on the property's worth.

During the registration process, the guideline value is compared to the sale price of the property, and the higher amount is used to calculate the applicable duties. This process helps maintain transparency and standardization in property transactions in the region.

Frequently asked questions

What is the current guideline value of Apmen 5th Street?

The current guideline value of Apmen 5th Street (Hoppman Street) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with the 2023 revision at Rs 3,500 per sq.ft and the 2024 revision increasing it to Rs 3,900 per sq.ft. Overall, from 2012 to 2024, the value has increased by 11%.

What is the land classification for Apmen 5th Street?

Apmen 5th Street (Hoppman Street) is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

Where can I find the registration office for Apmen 5th Street?

The registration office for Apmen 5th Street (Hoppman Street) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Adambakkam?

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