Guideline Value for Appa Rao Gardeb 6th cross treet

Appa Rao Gardeb 6th cross treet guideline value

The current guideline value of Appa Rao Gardeb 6th cross treet is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - I.

How the guideline value of Appa Rao Gardeb 6th cross treet has changed

The guideline value for Appa Rao Gardeb 6th cross treet has seen several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 3,600 per sq.ft in 2012, marking a significant rise of 140%. However, the value dropped to Rs 2,412 per sq.ft in 2017, a decrease of 33%. The next revision in 2023 raised the value to Rs 3,600 per sq.ft, and the most recent revision in 2024 now lists it at Rs 3,900 per sq.ft, reflecting an increase of 8% from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 160%.

Guideline values in Egmore

In Egmore, 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 of Appa Rao Gardeb 6th cross treet is below this median.

• Appa Rao Garde 5th 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)
• Appa Rao Garden 4th Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Appa Rao Gardeb 6th cross treet

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 cost for these fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Appa Rao Gardeb 6th cross treet?

The Sub Registrar Office that covers Appa Rao Gardeb 6th cross treet is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Egmore. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government collects appropriate stamp duty and registration fees.

When buying or selling property, the guideline value influences the overall transaction process, as it is used to calculate the applicable fees. Buyers and sellers must be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Appa Rao Gardeb 6th cross treet?

The current guideline value of Appa Rao Gardeb 6th cross treet 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, showing an overall increase of 160% over the years.

What is the land classification for Appa Rao Gardeb 6th cross treet?

The land classification for Appa Rao Gardeb 6th cross treet is Residential Class III Type - I.

Where can I find the registration office for this area?

The registration office for Appa Rao Gardeb 6th cross treet is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in this area?

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