Guideline Value for Appavoo Gramani Lane

Appavoo Gramani Lane guideline value

The current guideline value of Appavoo Gramani Lane is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Mixed Type - II land.

How the guideline value of Appavoo Gramani Lane has changed

The guideline value for Appavoo Gramani Lane has seen several revisions over the years. In 2007, the value was Rs 945 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, this value dropped to Rs 4,690 per sq.ft in 2017. The most recent revisions show an increase to Rs 7,000 per sq.ft in 2023 and a further increase to Rs 7,700 per sq.ft in 2024, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 715%. The revisions for the years 2002 and 2003 do not have figures available for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, placing Appavoo Gramani Lane's 2024 figure above this median.

• Appavoo Gramani Street: Rs 7,700 per sq.ft (2024)
• Arimuthu Achari Maistry Street: Rs 6,600 per sq.ft (2024)
• Arimuthu Achari Street: Rs 6,600 per sq.ft (2024)
• Anna sami Street: Rs 6,600 per sq.ft (2024)
• Annasami Lane: Rs 6,600 per sq.ft (2024)
• Anna Salai (Mount Road): Rs 20,900 per sq.ft (2024)

Stamp duty and registration fee for property in Appavoo Gramani Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% is Rs 5,39,000, and the registration fee at 2% is Rs 1,54,000, bringing the total charges to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Appavoo Gramani Lane?

The Sub Registrar Office that covers Appavoo Gramani Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two 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 Gramani Lane?

The current guideline value of Appavoo Gramani Lane is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 945 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, marking an overall increase of 715%.

What are the stamp duty and registration fees for properties in Appavoo Gramani Lane?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which Sub Registrar Office covers Appavoo Gramani Lane?

The Triplicane Sub Registrar Office covers Appavoo Gramani Lane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the land classification for Appavoo Gramani Lane?

Appavoo Gramani Lane is classified as Mixed Type - II land, which affects its guideline value and usage.