Guideline Value for Appasamy Street (Block 45)

Appasamy Street (Block 45) guideline value

The current guideline value of Appasamy Street (Block 45) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class III Type - III.

How the guideline value of Appasamy Street (Block 45) has changed

The guideline value for Appasamy Street (Block 45) has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,210 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 231%. However, the value decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%. The guideline value then rose to Rs 4,000 per sq.ft in 2023, followed by another increase to the current value of Rs 4,400 per sq.ft in 2024, which is a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 264%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, which means Appasamy Street's 2024 figure is below this median.

• Appas Maistry Street: Rs 4,400 per sq.ft (2024)
• A.P.Patro Salai: Rs 6,600 per sq.ft (2024)
• Appar Street (Thiru Nagar): Rs 4,400 per sq.ft (2024)
• Appadurai Naicker Street (Block 80): Rs 4,400 per sq.ft (2024)
• Arcot Salai: Rs 11,000 per sq.ft (2024)
• Anugraha Colony: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Appasamy Street (Block 45)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total fees together Rs 3,96,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Appasamy Street (Block 45)?

The Sub Registrar Office that covers Appasamy Street (Block 45) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees, ensuring that the transaction is compliant with local regulations. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Appasamy Street (Block 45)?

The current guideline value of Appasamy Street (Block 45) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 264% over the years.

What are the stamp duty and registration fees for property in Appasamy Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers this street?

The Ashok Nagar Sub Registrar Office covers Appasamy Street (Block 45), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Appasamy Street?

Appasamy Street (Block 45) is classified as Residential Class III Type - III, indicating its designation for residential use.