Guideline Value for Appadurai Street

Appadurai Street guideline value

The current guideline value of Appadurai Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Appadurai Street has changed

The guideline value for Appadurai Street has seen revisions over the years. The 2023 revision set the value at Rs 8,000 per sq.ft, and the latest 2024 revision increased it to Rs 8,700 per sq.ft, marking a change of +9%. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the register does not contain any figures for Appadurai Street for the years mentioned. The consistent increase from Rs 8,000 to Rs 8,700 reflects the latest adjustments in the guideline value.

Guideline values in Mylapore Part 1

Mylapore Part 1 consists of 333 streets under the Chennai Central Joint I SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Appadurai Street's 2024 figure below this median.

• Archbishop mathus Avenue: Rs 20,900 per sq.ft (2024)
• Anna Salai (Nandanam to Jemini Membalam): Rs 20,900 per sq.ft (2024)
• Arundadhi Nagar: Rs 6,100 per sq.ft (2024)
• Austin Nagar 1st Street: Rs 12,100 per sq.ft (2024)
• Austin Nagar 2nd Street: Rs 12,100 per sq.ft (2024)
• Avvai Shanmugam Salai (Lloyds Road): Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Appadurai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value amounts to Rs 87,00,000. The stamp duty at 7% would be Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, totaling Rs 7,83,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Appadurai Street?

The Sub Registrar Office that covers Appadurai Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your specific SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a critical component in the property registration process in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property transaction takes place.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions as determined by the state authorities. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Appadurai Street?

The current guideline value of Appadurai Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Appadurai Street was Rs 8,000 per sq.ft in 2023 and increased to Rs 8,700 per sq.ft in 2024, reflecting a change of +9%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Mylapore Part 1?

Other streets in Mylapore Part 1 have varying guideline values, with rates ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft.

How is stamp duty calculated for property in Appadurai Street?

Stamp duty for property in Appadurai Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value results in a total of Rs 6,09,000 in stamp duty.

Where can I find the Sub Registrar Office for Appadurai Street?

The Sub Registrar Office for Appadurai Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more information by visiting the link provided.