Guideline Value for Apparna Nagar

Apparna Nagar guideline value

The current guideline value of Apparna Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - II.

How the guideline value of Apparna Nagar has changed

The guideline value for Apparna Nagar has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 61 per sq.ft. This increased to Rs 90 per sq.ft in 2003, marking a rise of 48%. By 2007, the value saw a significant jump to Rs 200 per sq.ft, reflecting a 122% increase. The 2012 revision brought the value to Rs 1,000 per sq.ft, which was a substantial increase of 400% from the previous figure.

In the subsequent revisions, the guideline value changed to Rs 670 per sq.ft in 2017, indicating a decrease of 33%. The 2023 revision set the value at Rs 1,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 1,100 per sq.ft, which is a 10% rise. There are no figures available for the revisions of the years not listed in the register for Apparna Nagar.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Apparna Nagar is below this median.

• Anna street(sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• Arputham City: Rs 1,700 per sq.ft (2024)
• Arul Migu Magalikshmi Avenue: Rs 1,300 per sq.ft (2024)
• Annanoor Railway Station Road: Rs 1,300 per sq.ft (2024)
• Annai Therasa Street: Rs 1,700 per sq.ft (2024)
• Asiriyar Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Apparna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000. Together, the total cost for these fees would be Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Apparna Nagar?

The Sub Registrar Office that covers Apparna Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

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

Frequently asked questions

What is the current guideline value of Apparna Nagar?

The current guideline value of Apparna Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 61 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1703% over the years.

What is the classification of land in Apparna Nagar?

Apparna Nagar is classified as Residential Class I Type - II, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Apparna Nagar?

The Sub Registrar Office for Apparna Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for property in Apparna Nagar?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.