Guideline Value for Appavoo Gramani Street

Appavoo Gramani Street guideline value

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

How the guideline value of Appavoo Gramani Street has changed

Over the years, the guideline value of Appavoo Gramani Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 945 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, marking a rise of 641%. However, from 2012 to 2017, the value decreased to Rs 4,690 per sq.ft, a decline of 33%. The most recent revision in 2024 shows a substantial increase to Rs 7,700 per sq.ft, reflecting a 64% rise from the 2017 figure.

It is important to note that there are no recorded figures for Appavoo Gramani Street in the years 2023, 2003, and 2002. Overall, from 2007 to 2024, the guideline value has increased by 715%.

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 guideline value for these streets is Rs 6,600 per sq.ft, making Appavoo Gramani Street's 2024 figure above this median.

• Appavoo Gramani Lane: 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 Street

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

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

Which Sub Registrar Office covers Appavoo Gramani Street?

The Sub Registrar Office that covers Appavoo Gramani Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Triplicane. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is considered to calculate the applicable fees. Buyers should be aware that the final registration costs may vary based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Appavoo Gramani Street?

The current guideline value of Appavoo Gramani Street 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%.

Are there any years with no recorded guideline value for this street?

Yes, the register has no recorded figures for Appavoo Gramani Street in the years 2023, 2003, and 2002.

What are the registration fees for properties in Appavoo Gramani Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Appavoo Gramani Street located?

The Sub Registrar Office for Appavoo Gramani Street is located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.