Guideline Value for Apparao Colony 1st Street

Apparao Colony 1st Street guideline value

The current guideline value of Apparao Colony 1st Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of Apparao Colony 1st Street has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This figure remained the same in the 2012 revision and saw a decrease to Rs 2,345 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Apparao Colony 1st Street. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Chitlapakkam

Chitlapakkam has a total of 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this village is Rs 1,650 per sq.ft, placing Apparao Colony 1st Street's 2024 figure above the median.

• Apparao Colony 2nd Street: Rs 3,850 per sq.ft (2024)
• Apragamlingan street: Rs 3,850 per sq.ft (2024)
• Aridasapuram Main Road: Rs 1,650 per sq.ft (2024)
• Aristattle Street: Rs 1,650 per sq.ft (2024)
• Anna Street Thirumurugan Street: Rs 2,750 per sq.ft (2024)
• Anna Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Apparao Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Apparao Colony 1st Street?

The Sub Registrar Office that covers Apparao Colony 1st Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value is an essential factor in property transactions in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. It is advisable to consult the latest guideline values to make informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Apparao Colony 1st Street?

The current guideline value of Apparao Colony 1st Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: from Rs 3,500 in 2012 to Rs 2,345 in 2017, then back to Rs 3,500 in 2023, and finally to Rs 3,850 in 2024. Overall, there has been a 10% increase from 2012 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office is responsible for Apparao Colony 1st Street?

The Tambaram Joint 1 Sub Registrar Office is responsible for Apparao Colony 1st Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification of Apparao Colony 1st Street?

The land classification of Apparao Colony 1st Street is Residential Special Type - II, indicating its designated use for residential purposes.