Guideline Value for Appavoo Naicken Street

Appavoo Naicken Street guideline value

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

How the guideline value of Appavoo Naicken Street has changed

The guideline value for Appavoo Naicken Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a significant rise of 150%. However, the value decreased to Rs 1,675 per sq.ft in 2017, reflecting a drop of 33%. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the most recent 2024 revision has set it at Rs 2,700 per sq.ft, an increase of 8% from the previous year.

There are no recorded figures for Appavoo Naicken Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 170%.

Guideline values in Cantonment Pallavaram

In Cantonment Pallavaram, there are 81 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of Appavoo Naicken Street.

• Anthoniya Street: Rs 2,200 per sq.ft (2024)
• Arian Street: Rs 2,200 per sq.ft (2024)
• Arumalai Chavadi: Rs 3,300 per sq.ft (2024)
• Arumugapillai Street: Rs 2,750 per sq.ft (2024)
• Asen Basha Street: Rs 3,300 per sq.ft (2024)
• Bajanai Koil Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Appavoo Naicken 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 be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to 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 more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Appavoo Naicken Street?

The Sub Registrar Office that covers Appavoo Naicken Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Cantonment Pallavaram. 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 helps both parties understand the fair value of the property. It is important to consult the guideline value register to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Appavoo Naicken Street?

The current guideline value of Appavoo Naicken 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 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 170% over the years.

What is the land classification for Appavoo Naicken Street?

Appavoo Naicken Street is classified as Residential Class II Type - I.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Appavoo Naicken 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.