Guideline Value for Appa Rao Garden 4thCross Street

Appa Rao Garden 4thCross Street guideline value

The current guideline value of Appa Rao Garden 4th 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 4thCross Street has changed

The guideline value for Appa Rao Garden 4th Cross Street has undergone 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. Following this, the value saw significant increases, reaching Rs 1,500 per sq.ft in 2007, and then escalating to Rs 3,600 per sq.ft in 2012. However, there was a decrease to Rs 2,412 per sq.ft in 2017. The value then rose to Rs 3,600 per sq.ft in 2023, and most recently, it has increased to Rs 3,900 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2002 to 2003, the increase was +10%. The value jumped by +168% from 2003 to 2007, followed by a +140% rise from 2007 to 2012. There was a decrease of -33% from 2012 to 2017, and a significant increase of +49% from 2017 to 2023. The most recent revision from 2023 to 2024 saw an increase of +8%. Overall, from 2002 to 2024, the guideline value has increased by +668%.

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. The median guideline value for these streets is Rs 7,100 per sq.ft, indicating that the guideline value for Appa Rao Garden 4th Cross Street is below this median.

• Appa Rao Garden 3rd 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 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 4thCross 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 amount to Rs 2,73,000, while 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 the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appa Rao Garden 4thCross Street?

The Sub Registrar Office that covers Appa Rao Garden 4th 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

When buying or selling property in Egmore, the guideline value is a critical factor used during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value ensures that the property is assessed fairly for taxation purposes. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value for Appa Rao Garden 4thCross Street?

The current guideline value for Appa Rao Garden 4th 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, reflecting an overall increase of +668% over the years.

What are the stamp duty rates for property in Appa Rao Garden 4thCross Street?

The stamp duty for property transactions in Appa Rao Garden 4th Cross Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Appa Rao Garden 4thCross Street?

The Sub Registrar Office for Appa Rao Garden 4th Cross Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Appa Rao Garden 4thCross Street?

Appa Rao Garden 4th Cross Street is classified as Residential Class III Type - I, indicating its designation for residential use.