Guideline Value for Appadurai Street, Sivasankaran Nagar

Appadurai Street, Sivasankaran Nagar guideline value

The current guideline value of Appadurai Street, Sivasankaran Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Appadurai Street, Sivasankaran Nagar has changed

The guideline value for Appadurai Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. In the latest 2024 revision, the guideline value further increased to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values in 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Appadurai Street's 2024 figure below that median.

• Appuduari Street(Sivashankaran Nagar): Rs 1,980 per sq.ft (2024)
• Appu Street (samundeswari Nagar): Rs 1,760 per sq.ft (2024)
• Araganathan Nagar (All Streets near Krishna Nagar): Rs 2,530 per sq.ft (2024)
• Aravindar Street (V.O.C.Nagar): Rs 2,750 per sq.ft (2024)
• Anthony Street, Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Anthony Dass Street (Ganapathy Nagar): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Appadurai Street, Sivasankaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Appadurai Street, Sivasankaran Nagar?

The Sub Registrar Office that covers Appadurai Street, Sivasankaran Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Pammal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the guideline value as it can significantly affect the overall transaction cost. Buyers should ensure that they are informed about the current guideline values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Appadurai Street, Sivasankaran Nagar?

The current guideline value of Appadurai Street, Sivasankaran Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Appadurai Street?

Appadurai Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated on properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600.