Guideline Value for Appa Garden Salai

Appa Garden Salai guideline value

The current guideline value of Appa Garden Salai is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class I Type - II.

How the guideline value of Appa Garden Salai has changed

The guideline value for Appa Garden Salai has seen several revisions over the years. In 2002, the value was Rs 1,077 per sq.ft, which increased to Rs 1,188 per sq.ft in 2003. Following this, the value rose significantly to Rs 2,000 per sq.ft in 2007, and then it jumped to Rs 10,000 per sq.ft in 2012. However, it decreased to Rs 6,700 per sq.ft in 2017. The value then increased to Rs 10,000 per sq.ft in 2023, before reaching the current value of Rs 11,000 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 921%. The changes between the revisions include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 400% increase from 2007 to 2012, a 68% increase from 2003 to 2007, and a 10% increase from 2002 to 2003. The register has no figure for this street in revisions other than those listed.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO with 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, making the current value of Appa Garden Salai above this median.

• Appa Rao Garde 5th cross Street: Rs 3,900 per sq.ft (2024)
• Appa Rao Gardeb 6th cross street: Rs 3,900 per sq.ft (2024)
• Appa Rao Garden: Rs 7,100 per sq.ft (2024)
• Appa Rao Garden 1st Cross street: Rs 3,900 per sq.ft (2024)
• Appa Rao Garden 2nd cross Street: Rs 6,300 per sq.ft (2024)
• Appa Rao Garden 3rd Cross street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Appa Garden Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000 and the registration fee at 2% would be Rs 2,20,000. Together, the total fees would be Rs 9,90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Appa Garden Salai?

The Sub Registrar Office that covers Appa Garden Salai 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 an important factor when buying or selling property in Egmore, as it determines the minimum value at which transactions can be registered. This value is used to calculate the stamp duty and registration fees applicable during the property transaction process.

When you register a property, you will need to pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Appa Garden Salai?

The current guideline value of Appa Garden Salai is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,077 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, representing an overall increase of 921%.

What is the land classification for Appa Garden Salai?

Appa Garden Salai is classified as Residential Class I Type - II under the Periamet SRO.

Where can I find the Sub Registrar Office for Appa Garden Salai?

The Sub Registrar Office for Appa Garden Salai is located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Appa Garden Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 at 7%.