Guideline Value for Appadurai Naiken 2nd Street

Appadurai Naiken 2nd Street guideline value

The current guideline value of Appadurai Naiken 2nd Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Chinna Sembaram Bakkam village and falls under the Sembiam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Appadurai Naiken 2nd Street has changed

The guideline value for Appadurai Naiken 2nd Street has undergone several revisions over the years. In 2003, the value was Rs 363 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The 2012 revision set the value at Rs 1,300 per sq.ft, but it dropped to Rs 871 per sq.ft in 2017. The most recent revisions saw the value rise to Rs 1,300 per sq.ft in 2023 and further to Rs 1,400 per sq.ft in 2024, marking an 8% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 286%. Notably, there is no figure for the year 2002 in the register for this street.

Guideline values in Chinna Sembaram Bakkam

In Chinna Sembaram Bakkam, there are 37 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 2,700 per sq.ft. The median guideline value for these streets is Rs 1,400 per sq.ft, which is equal to the current value of Appadurai Naiken 2nd Street.

• Appadurai Naiken 2nd Lane: Rs 1,400 per sq.ft (2024)
• Appadurai Naiken 3rd Street: Rs 1,400 per sq.ft (2024)
• Appadurai Naiken 1st Street: Rs 1,400 per sq.ft (2024)
• Appadurai Naiken Main Road: Rs 1,600 per sq.ft (2024)
• Appadurai Naiken 1st Lane: Rs 1,400 per sq.ft (2024)
• Artisan Shanmugam Road (Shanmunga Mudaliar Street): Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Appadurai Naiken 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total cost Rs 1,26,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Appadurai Naiken 2nd Street?

The Sub Registrar Office covering Appadurai Naiken 2nd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Chinna Sembaram Bakkam

The guideline value is a critical factor when registering property transactions in Chinna Sembaram Bakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process.

Frequently asked questions

What is the current guideline value of Appadurai Naiken 2nd Street?

The current guideline value of Appadurai Naiken 2nd Street is Rs 1,400 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 363 per sq.ft in 2003 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 286% over this period.

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

For a plot measuring 1,000 sq.ft, the total guideline value is Rs 14,00,000, leading to a stamp duty of Rs 98,000 and a registration fee of Rs 28,000, totaling Rs 1,26,000.

Which office handles property registrations for Appadurai Naiken 2nd Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles property registrations for Appadurai Naiken 2nd Street.

What is the land classification for Appadurai Naiken 2nd Street?

The land classification for Appadurai Naiken 2nd Street is Residential Class II Type - I, indicating its suitability for residential development.