Guideline Value for Appao Avenue

Appao Avenue guideline value

The current guideline value of Appao Avenue is Rs 860 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village, under the Selaiyur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Appao Avenue has changed

The guideline value for Appao Avenue has seen several revisions over the years. In the 2012 revision, the value was Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, which set the value at Rs 402 per sq.ft, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision has raised it to Rs 860 per sq.ft, reflecting a significant increase of 43% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 43%. The register does not contain figures for the years 2002, 2003, and 2007 for Appao Avenue.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 3,750 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Appao Avenue is below this median.

• Anna Street: Rs 860 per sq.ft (2024)
• Arulmozhi Nagar Pirathana Salai: Rs 1,400 per sq.ft (2024)
• Annai Therasa Street: Rs 860 per sq.ft (2024)
• Asta Lakshmi Nagar: Rs 1,600 per sq.ft (2024)
• Bajanai Koil P.T.C. Colony 1st Street: Rs 1,400 per sq.ft (2024)
• Bajanai Koil P.T.C. Colony 2nd Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Appao Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 860 per sq.ft, the total guideline value would be Rs 8,60,000. The stamp duty at 7% would amount to Rs 60,200, and the registration fee at 2% would be Rs 17,200, bringing the total cost for these fees to Rs 77,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appao Avenue?

The Sub Registrar Office that covers Appao Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor during property registration in Gowrivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the prevailing market conditions.

When buying or selling property, the guideline value helps in calculating applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Appao Avenue?

The current guideline value of Appao Avenue is Rs 860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed as follows: Rs 600 per sq.ft in 2012, Rs 402 per sq.ft in 2017, Rs 600 per sq.ft in 2023, and finally Rs 860 per sq.ft in 2024.

What is the land classification of Appao Avenue?

Appao Avenue is classified as Residential Class III Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for Appao Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 860 per sq.ft, the total guideline value is Rs 8,60,000. The stamp duty would be Rs 60,200, and the registration fee would be Rs 17,200, totaling Rs 77,400.

Where is the Sub Registrar Office for Appao Avenue located?

The Sub Registrar Office covering Appao Avenue is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.