Guideline Value for Appavoo Garden 1st Street

Appavoo Garden 1st Street guideline value

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

How the guideline value of Appavoo Garden 1st Street has changed

The guideline value for Appavoo Garden 1st Street has seen several revisions over the years. In 2002, the guideline value was Rs 394 per sq.ft. This increased to Rs 427 per sq.ft in 2003, marking a change of +8%. The value then rose significantly to Rs 800 per sq.ft in 2007, an increase of +87%. Following this, the value jumped to Rs 2,500 per sq.ft in 2012, which was an increase of +213%. However, there was a decrease to Rs 1,675 per sq.ft in 2017, reflecting a change of -33%. The guideline value then increased to Rs 2,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 2,700 per sq.ft, which is an increase of +8% from the previous year.

The overall change from 2002 to 2024 is +585%. There are no figures available for the revisions in the years not listed for this street.

Guideline values in Sembiam

In Sembiam, 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 is the same as the guideline value for Appavoo Garden 1st Street.

• Appavu Gramani Street: Rs 2,700 per sq.ft (2024)
• Apparao Thottam: 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)
• Ayyavu Grammi Street: Rs 2,700 per sq.ft (2024)
• Andiyappan Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Appavoo Garden 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration would be 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.

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

Which Sub Registrar Office covers Appavoo Garden 1st Street?

The Sub Registrar Office that covers Appavoo Garden 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sembiam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Appavoo Garden 1st Street?

The current guideline value of Appavoo Garden 1st 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 394 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +585% over this period.

What is the stamp duty rate for properties in Appavoo Garden 1st Street?

The stamp duty rate for properties in Appavoo Garden 1st Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Appavoo Garden 1st Street located?

The Sub Registrar Office for Appavoo Garden 1st Street is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value determined in Sembiam?

The guideline value in Sembiam is determined by the Registration Department and is based on various factors, including land classification and previous revisions of the value.