Guideline Value for Appasamy Street

Appasamy Street guideline value

The current guideline value of Appasamy Street, located in Tondaiarpet village under the Royapuram SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - II land classification.

How the guideline value of Appasamy Street has changed

The guideline value for Appasamy Street has undergone several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, and most recently, it has increased to Rs 2,700 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. The increase from 2007 to 2012 was a remarkable 257%, while the shift from 2012 to 2017 represented a decrease of 33%. Overall, from 2007 to 2024, the guideline value has increased by 286%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which indicates that Appasamy Street's 2024 figure is above this median.

• Arani Gangan Street: Rs 3,800 per sq.ft (2024)
• Arani Ranghan Lane: Rs 3,800 per sq.ft (2024)
• Anna Street: Rs 1,300 per sq.ft (2024)
• Arumugam Lane: Rs 1,300 per sq.ft (2024)
• Arunachala Eswarar Koil Street (North Mada Veethy): Rs 1,600 per sq.ft (2024)
• Arunachala Eswarar Koil Street (South Mada Veethy): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Appasamy Street

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, bringing the total fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Appasamy Street?

The Sub Registrar Office that covers Appasamy Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps establish the stamp duty and registration fees applicable to the transaction. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Appasamy Street?

The current guideline value of Appasamy Street 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 from Rs 700 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 286% over the years.

What is the median guideline value for streets in Tondaiarpet?

The median guideline value for the 1,384 streets in Tondaiarpet is Rs 1,600 per sq.ft, with Appasamy Street's current value being above this median.

What are the stamp duty and registration fees for properties on Appasamy Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Appasamy Street?

The Royapuram Sub Registrar Office handles registrations for Appasamy Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.