Guideline Value for Appa Rao Garden 3rd Cross street

Appa Rao Garden 3rd Cross street guideline value

The current guideline value of Appa Rao Garden 3rd Cross street 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 Garden 3rd Cross street has changed

The guideline value for Appa Rao Garden 3rd Cross street has seen several revisions over the years. In 2002, the value was Rs 508 per sq.ft, which increased to Rs 560 per sq.ft in 2003. The following revisions show a significant rise, with the value reaching Rs 1,500 per sq.ft in 2007, and then jumping to Rs 3,600 per sq.ft in 2012. However, it experienced a decrease to Rs 2,412 per sq.ft in 2017, before climbing to Rs 3,600 per sq.ft in 2023, and finally reaching Rs 3,900 per sq.ft in 2024.

Between the revisions, notable changes include an increase of 8% from 2023 to 2024, a 49% rise from 2017 to 2023, and a 140% increase from 2007 to 2012. The overall change from 2002 to 2024 is a remarkable 668%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Egmore

In Egmore, 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, with a median value of Rs 7,100 per sq.ft. The guideline value for Appa Rao Garden 3rd Cross street is below this median.

• Appa Rao Garden 2nd cross Street: Rs 6,300 per sq.ft (2024)
• Appa Rao Garden 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Appa Rao Garden 1st Cross street: Rs 3,900 per sq.ft (2024)
• Appa Rao Garden: Rs 7,100 per sq.ft (2024)
• Appa Rao Gardeb 6th cross street: Rs 3,900 per sq.ft (2024)
• Appa Rao Garde 5th cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Appa Rao Garden 3rd Cross street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the 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, totaling Rs 3,51,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appa Rao Garden 3rd Cross street?

The Sub Registrar Office that covers Appa Rao Garden 3rd Cross street 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 crucial during property transactions in Egmore, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to calculate the necessary fees.

When registering a property, the guideline value is used to assess the stamp duty and registration fees. It is important to note that these fees are based on the higher of the guideline value or the sale price, ensuring that the registration reflects the true value of the property.

Frequently asked questions

What is the current guideline value for Appa Rao Garden 3rd Cross street?

The current guideline value for Appa Rao Garden 3rd 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 significantly from Rs 508 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 668% over this period.

What is the land classification for Appa Rao Garden 3rd Cross street?

Appa Rao Garden 3rd Cross street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties 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.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Appa Rao Garden 3rd Cross street is located at 1103, Poonamallee High Road, Chennai-600 003. You can find more information by visiting the appropriate link.