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Guideline Value

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Guideline Value for Appavoo Nagar, 1st Road to IIIrd Road

₹1540/sq.ft.

The guideline value for Appavoo Nagar, 1st Road To Iiird Road in Mangadu -a village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mangadu -a

Village

Kunrathur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Appavoo Nagar, 1st Road To Iiird Road

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Appavoo Nagar, 1st Road to IIIrd Road guideline value

The current guideline value of Appavoo Nagar, 1st Road to IIIrd Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A village, under the Kunrathur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Appavoo Nagar, 1st Road to IIIrd Road has changed

The guideline value for Appavoo Nagar, 1st Road to IIIrd Road has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 938 per sq.ft. This increased to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 shows a further increase to Rs 1,540 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for this street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO carrying a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median of Rs 1,870 per sq.ft. The guideline value for Appavoo Nagar, 1st Road to IIIrd Road is below this median.

Stamp duty and registration fee for property in Appavoo Nagar, 1st Road to IIIrd Road

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Appavoo Nagar, 1st Road to IIIrd Road?

The Sub Registrar Office that covers Appavoo Nagar, 1st Road to IIIrd Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, 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 Nagar, 1st Road to IIIrd Road?

The current guideline value of Appavoo Nagar, 1st Road to IIIrd Road is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023, and then to Rs 1,540 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification for Appavoo Nagar, 1st Road to IIIrd Road?

The land classification for Appavoo Nagar, 1st Road to IIIrd Road is Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office for Appavoo Nagar, 1st Road to IIIrd Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 at 7%.