Guideline Value for Appavu Avenue Road

Appavu Avenue Road guideline value

The current guideline value of Appavu Avenue Road is Rs 8,300 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - III.

How the guideline value of Appavu Avenue Road has changed

The guideline value register for Appavu Avenue Road shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, which took place in 2024, sets the guideline value at Rs 8,300 per sq.ft.

Since there have been no figures recorded for this street in the previous revisions, the only available guideline value is from the 2024 revision. Therefore, there are no changes to report between revisions for this street.

Guideline values in Egmore

In Egmore, there are a total of 465 streets under the Periamet SRO that carry a 2024 guideline value. These values range from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value of Appavu Avenue Road is above this median, indicating a higher valuation compared to many other streets in the area.

• AppaSami Mudali Street (T.N.S.C.B. Portion): Rs 2,800 per sq.ft (2024)
• Appa Sami Mudali street: Rs 3,400 per sq.ft (2024)
• Appa Rao Garden 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Appa Rao Garden 3rd Cross street: Rs 3,900 per sq.ft (2024)
• Appa Rao Garden 2nd cross Street: Rs 6,300 per sq.ft (2024)
• Appa Rao Garden 1st Cross street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Appavu Avenue Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,300 per sq.ft, the total guideline value amounts to Rs 83,00,000. The stamp duty, charged at 7%, would be Rs 5,81,000, while the registration fee at 2% would be Rs 1,66,000. Together, the total cost for stamp duty and registration fee would be Rs 7,47,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Appavu Avenue Road?

The Sub Registrar Office that covers Appavu Avenue Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For assistance in finding your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Egmore. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, which are essential for legal documentation and transfer of ownership.

It is important for buyers and sellers to be aware of the guideline value as it directly impacts the overall cost of the transaction. The registration office will refer to the guideline value to ensure that the correct fees are collected based on the property's valuation.

Frequently asked questions

What is the current guideline value of Appavu Avenue Road?

The current guideline value of Appavu Avenue Road is Rs 8,300 per sq.ft, effective from 1 July 2024.

What land classification is Appavu Avenue Road under?

Appavu Avenue Road is classified as Residential Class I Type - III.

Have there been any changes to the guideline value for Appavu Avenue Road?

There have been no recorded figures for Appavu Avenue Road in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 8,300 per sq.ft.

What are the stamp duty and registration fees for property in Appavu Avenue Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 83,00,000. The stamp duty at 7% would be Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, totaling Rs 7,47,000.

Where is the Sub Registrar Office for Appavu Avenue Road located?

The Sub Registrar Office for Appavu Avenue Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.