Guideline Value for Appar Street Extension

Appar Street Extension guideline value

The current guideline value of Appar Street Extension in Perungalathur village is Rs 2,310 per sq.ft, effective from 1 July 2024. This area falls under the Padappai SRO and is classified as Residential Class II Type - I.

How the guideline value of Appar Street Extension has changed

The guideline value for Appar Street Extension has seen several revisions over the years. The 2012 revision set the value at Rs 2,100 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it dropped to Rs 1,407 per sq.ft. The value then increased significantly in the 2023 revision to Rs 2,100 per sq.ft, before reaching the current figure of Rs 2,310 per sq.ft in the 2024 revision. Notably, there are no figures available in the register for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, which is the same as the current value for Appar Street Extension.

• Appar Street: Rs 2,310 per sq.ft (2024)
• Anvar Street: Rs 1,650 per sq.ft (2024)
• Anna Street: Rs 2,640 per sq.ft (2024)
• Arunachala Nagar: Rs 1,650 per sq.ft (2024)
• Arunagirinathar Street: Rs 2,970 per sq.ft (2024)
• Annai Therasa Nagar and Extn: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Appar Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total cost for these fees to Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appar Street Extension?

The Sub Registrar Office that covers Appar Street Extension is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Appar Street Extension?

The current guideline value of Appar Street Extension is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, then back to Rs 2,100 per sq.ft in 2023, and finally to Rs 2,310 per sq.ft in 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700, and the registration fee would be Rs 46,200, totaling Rs 2,07,900.

Which Sub Registrar Office is responsible for Appar Street Extension?

The Padappai Sub Registrar Office is responsible for Appar Street Extension, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

Where can I find more information about the guideline values in Perungalathur?

More information about the guideline values in Perungalathur can be found in the Registration Department's guideline value register (TNReginet).