Guideline Value for Appaduri Street

Appaduri Street guideline value

The current guideline value of Appaduri Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Appaduri Street has changed

The guideline value for Appaduri Street has undergone several revisions over the years. In 2002, the value was Rs 161 per sq.ft, which increased to Rs 174 per sq.ft in 2003, marking a change of 8%. The value saw a significant rise to Rs 400 per sq.ft in 2007, which was a 130% increase. Following that, it jumped to Rs 1,500 per sq.ft in 2012, reflecting a substantial increase of 275%. However, there was a decrease of 33% to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023, before reaching the current value of Rs 1,600 per sq.ft in 2024, which is a 7% increase from the previous year.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 894%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a guideline value for 2024 ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which means Appaduri Street's current value is below that median.

• Appar Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Appar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• A.P.Arasu Street: Rs 2,400 per sq.ft (2024)
• A.P.Arasu 1st Cross Street: Rs 2,400 per sq.ft (2024)
• Arangan Cross Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Arangan Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Appaduri Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Appaduri Street?

The Sub Registrar Office that covers Appaduri Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is documented at an official value.

When a property is registered, the guideline value is used to determine the applicable charges. Buyers and sellers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Appaduri Street?

The current guideline value of Appaduri Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 161 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 894% over the years.

What is the land classification for Appaduri Street?

Appaduri Street is classified as Residential Class II Type - I, indicating its designation for residential use.

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

The Sub Registrar Office for Appaduri Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for property in Appaduri Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.