Guideline Value for Appar Street

Appar Street guideline value

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

How the guideline value of Appar Street has changed

The guideline value for Appar Street has seen significant changes over the years. In 2007, the value was Rs 250 per sq.ft. This figure rose dramatically to Rs 2,100 per sq.ft in 2012, marking an increase of 740%. However, by 2017, the value dropped to Rs 1,407 per sq.ft, a decrease of 33%. The 2023 revision set the value at Rs 2,100 per sq.ft, and the most recent revision in 2024 increased it to Rs 2,310 per sq.ft, reflecting a 10% rise.

There are no figures available for the years 2002 and 2003 in the register for this street. Over the overall period from 2007 to 2024, the guideline value has increased by 824%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is equal to the current guideline value of Appar Street.

• Appar Street Extension: 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

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 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. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Appar Street?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Perungalathur. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the sale or purchase of properties.

When a property is registered, the guideline value is assessed to ensure that the transaction reflects the appropriate fees. Buyers and sellers must be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Appar Street?

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

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 250 per sq.ft to Rs 2,310 per sq.ft in 2024, representing an overall increase of 824%.

What is the land classification for Appar Street?

Appar Street is classified under Residential Class II Type - I, indicating its use for residential purposes.

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

The Sub Registrar Office for Appar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301.

How is the stamp duty calculated for properties in Appar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 23,10,000, the stamp duty at 7% would be Rs 1,61,700.