Guideline Value for Appa Rao Garden

Appa Rao Garden guideline value

The current guideline value of Appa Rao Garden is Rs 7,100 per sq.ft, effective from 1 July 2024. This area is located in Egmore village, under the Periamet Sub Registrar Office (SRO), and is classified as Residential Class II Type - I.

How the guideline value of Appa Rao Garden has changed

The guideline value for Appa Rao Garden 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 that, the value saw a significant rise to Rs 1,500 per sq.ft in 2007, and further increased to Rs 6,500 per sq.ft in 2012. However, there was a decrease to Rs 4,355 per sq.ft in 2017. The value then rose to Rs 6,500 per sq.ft in 2023, and currently stands at Rs 7,100 per sq.ft as of the 2024 revision.

In terms of percentage changes, the value increased by 10% from 2002 to 2003, followed by a 168% rise from 2003 to 2007. The value then jumped by 333% from 2007 to 2012, before decreasing by 33% from 2012 to 2017. The value saw a 49% increase from 2017 to 2023, and a further rise of 9% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1298%.

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. The median value is Rs 7,100 per sq.ft, which is equal to the guideline value for Appa Rao Garden.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total cost for these fees to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appa Rao Garden?

The Sub Registrar Office that covers Appa Rao Garden 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 plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and serves as a reference point for property transactions in the area.

At the time of registration, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Appa Rao Garden?

The current guideline value of Appa Rao Garden is Rs 7,100 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 7,100 per sq.ft in 2024, reflecting an overall increase of 1298% over this period.

What are the stamp duty and registration fees for property in Appa Rao Garden?

For a 1,000 sq.ft property, the total guideline value is Rs 71,00,000. The stamp duty at 7% is Rs 4,97,000, and the registration fee at 2% is Rs 1,42,000, totaling Rs 6,39,000 for these fees.

Which office handles registrations for Appa Rao Garden?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, handles registrations for Appa Rao Garden.

How is the guideline value determined in Egmore?

The guideline value in Egmore is determined by the government and is based on various factors, including land classification and market conditions. It serves as a reference for property transactions in the area.