Guideline Value for Apparao Thottam

Apparao Thottam guideline value

The current guideline value of Apparao Thottam is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Sembiam village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Apparao Thottam has changed

The guideline value of Apparao Thottam has seen several revisions over the years. In 2002, the value was Rs 394 per sq.ft, which increased to Rs 427 per sq.ft in 2003, marking an 8% rise. The value then rose significantly to Rs 800 per sq.ft in 2007, reflecting an increase of 87%. Following that, the value jumped to Rs 2,500 per sq.ft in 2012, a remarkable 213% increase. However, it decreased to Rs 1,675 per sq.ft in 2017, showing a decline of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, followed by the current value of Rs 2,700 per sq.ft in 2024, which is an 8% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 585%. It is important to note that there are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Sembiam

In Sembiam village, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which aligns with the guideline value of Apparao Thottam.

• Appavoo Garden 1st Street: Rs 2,700 per sq.ft (2024)
• Appavu Gramani Street: Rs 2,700 per sq.ft (2024)
• Appulinga Vathiyar Street: Rs 1,700 per sq.ft (2024)
• Ashok Street: Rs 2,700 per sq.ft (2024)
• Andiyappan Street: Rs 1,900 per sq.ft (2024)
• Ayyavu Grammi Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Apparao Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, resulting in a total of Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Apparao Thottam?

The Sub Registrar Office that covers Apparao Thottam is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process of property transactions in Sembiam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. This value helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Apparao Thottam?

The current guideline value of Apparao Thottam is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 394 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting a significant overall increase of 585%.

What is the land classification of Apparao Thottam?

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

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Apparao Thottam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.