Guideline Value for Appar Street (Thiru Nagar)

Appar Street (Thiru Nagar) guideline value

The current guideline value for Appar Street (Thiru Nagar) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Appar Street (Thiru Nagar) has changed

The guideline value for Appar Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,210 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, marking a significant rise of 231%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The next revision in 2023 saw the value increase to Rs 4,000 per sq.ft, and it further rose to Rs 4,400 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for Appar Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 264%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Appar Street's 2024 figure below the median.

• Appasamy Street (Block 45): Rs 4,400 per sq.ft (2024)
• Appas Maistry Street: Rs 4,400 per sq.ft (2024)
• A.P.Patro Salai: Rs 6,600 per sq.ft (2024)
• Appadurai Naicker Street (Block 80): Rs 4,400 per sq.ft (2024)
• Anugraha Colony: Rs 8,800 per sq.ft (2024)
• Arcot Salai: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Appar Street (Thiru Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the 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 Appar Street (Thiru Nagar)?

The Sub Registrar Office that covers Appar Street (Thiru Nagar) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

When buying or selling property in Kodambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and serves as a benchmark for property transactions, ensuring that the taxes collected are based on a standardized value rather than individual sale prices.

At the time of registration, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Appar Street (Thiru Nagar)?

The current guideline value for Appar Street (Thiru Nagar) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,210 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 264%.

What is the land classification for Appar Street (Thiru Nagar)?

Appar Street (Thiru Nagar) is classified as Residential Class III Type - III.

What are the stamp duty rates for property transactions in Appar Street?

The stamp duty for property transactions in Appar Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Appar Street (Thiru Nagar) located?

The Sub Registrar Office for Appar Street (Thiru Nagar) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.