Guideline Value for Appar Street

Appar Street guideline value

The current guideline value of Appar Street in Rajakilpakkam village, under the Selaiyur SRO, is Rs 2,150 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Appar Street has changed

The guideline value for Appar Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,000 per sq.ft. This figure decreased significantly in the 2017 revision to Rs 1,340 per sq.ft, marking a decline of 33%. However, the value saw a substantial increase in the 2023 revision, rising to Rs 2,000 per sq.ft, and then further increased by 8% to Rs 2,150 per sq.ft in the 2024 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register has no figures for Appar Street for the years 2002, 2003, and 2007.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value is Rs 2,150 per sq.ft, which is equal to the current guideline value of Appar Street.

• Arish Avenue: Rs 1,300 per sq.ft (2024)
• Anna Street: Rs 2,400 per sq.ft (2024)
• Arul Neri Nagar: Rs 1,900 per sq.ft (2024)
• Arul Neri Nagar Extension: Rs 1,900 per sq.ft (2024)
• Arul Neri Nagar Main Road: Rs 1,900 per sq.ft (2024)
• Annai Indira Gandhi Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Appar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,150 per sq.ft, the total guideline value would be Rs 21,50,000. The stamp duty, charged at 7%, would amount to Rs 1,50,500, while the registration fee at 2% would be Rs 43,000. Together, the total cost for stamp duty and registration would be Rs 1,93,500. 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 further assistance.

Which Sub Registrar Office covers Appar Street?

The Sub Registrar Office that covers Appar Street 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 information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Rajakilpakkam, the guideline value helps in calculating the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction. This value serves as a benchmark for property pricing and helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Appar Street?

The current guideline value of Appar Street is Rs 2,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Appar Street has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,150 per sq.ft in 2024.

What is the land classification of Appar Street?

Appar Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Appar Street?

Stamp duty for properties in Appar Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 21,50,000, the stamp duty would be Rs 1,50,500 at a rate of 7%.