Guideline Value for Appadurai Naicker Street (Block 80)

Appadurai Naicker Street (Block 80) guideline value

The current guideline value of Appadurai Naicker Street (Block 80) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Appadurai Naicker Street (Block 80) has changed

The guideline value for Appadurai Naicker Street has seen several revisions over the years. The 2007 revision set the value at Rs 800 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this value decreased by 33% to Rs 2,680 per sq.ft in 2017. Following this, the guideline value rose sharply to Rs 4,000 per sq.ft in 2023, and then again by 10% to the current value of Rs 4,400 per sq.ft in 2024.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Appadurai Naicker Street's 2024 value below this median.

• Appar Street (Thiru Nagar): Rs 4,400 per sq.ft (2024)
• Appasamy Street (Block 45): Rs 4,400 per sq.ft (2024)
• Appas Maistry Street: Rs 4,400 per sq.ft (2024)
• A.P.Patro Salai: Rs 6,600 per sq.ft (2024)
• Anugraha Colony: Rs 8,800 per sq.ft (2024)
• Anna Veethi: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Appadurai Naicker Street (Block 80)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, resulting in a total of Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Appadurai Naicker Street (Block 80)?

The Sub Registrar Office that covers Appadurai Naicker Street (Block 80) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any potential disputes during the transaction process.

Frequently asked questions

What is the current guideline value of Appadurai Naicker Street (Block 80)?

The current guideline value of Appadurai Naicker Street (Block 80) is Rs 4,400 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 800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office is responsible for Appadurai Naicker Street?

The Ashok Nagar Sub Registrar Office is responsible for Appadurai Naicker Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam under the Ashok Nagar SRO is Rs 4,900 per sq.ft, which is higher than the current value of Appadurai Naicker Street.