Guideline Value for Appa Rao Garde 5th cross Street

Appa Rao Garde 5th cross Street guideline value

The current guideline value for Appa Rao Garde 5th cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Appa Rao Garde 5th cross Street has changed

The guideline value of Appa Rao Garde 5th cross Street has undergone several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 3,600 per sq.ft in 2012. However, it then decreased to Rs 2,412 per sq.ft in 2017. The value saw a substantial rise again, reaching Rs 3,600 per sq.ft in 2023, and finally increased to Rs 3,900 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The period from 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 140%. Overall, from 2007 to 2024, the guideline value has increased by 160%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value for Appa Rao Garde 5th cross Street is below this median.

• Appa Rao Gardeb 6th cross treet: 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 Garden Salai: Rs 11,000 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 Rao Garde 5th cross 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 be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appa Rao Garde 5th cross Street?

The Sub Registrar Office that covers Appa Rao Garde 5th cross Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of a property.

Frequently asked questions

What is the current guideline value of Appa Rao Garde 5th cross Street?

The current guideline value of Appa Rao Garde 5th cross 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 1,500 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 160% over this period.

What is the land classification for Appa Rao Garde 5th cross Street?

The land classification for Appa Rao Garde 5th cross Street is Residential Class III Type - I.

Which Sub Registrar Office is responsible for this street?

The Periamet Sub Registrar Office is responsible for Appa Rao Garde 5th cross Street, located at 1103, Poonamallee High Road, Chennai-600 003.

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

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000. These fees are based on the guideline value or the sale price, whichever is higher.