Guideline Value for Appavu Gramani Street

Appavu Gramani Street guideline value

The current guideline value of Appavu Gramani Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Appavu Gramani Street has changed

The guideline value for Appavu Gramani Street has undergone several revisions over the years. In 2002, the value was Rs 319 per sq.ft, which increased to Rs 346 per sq.ft in 2003. Following this, there was a significant rise to Rs 700 per sq.ft in 2007, and then it jumped to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft as of the 2024 revision.

The changes between the revisions are notable. From 2002 to 2003, there was an increase of 8%. The value saw a substantial increase of 102% from 2003 to 2007. From 2007 to 2012, the value decreased by 33%. After that, there was a significant increase of 49% from 2017 to 2023, and a further rise of 8% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 746%.

Guideline values in Sembiam

In Sembiam village, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Appavu Gramani Street.

• Appavoo Garden 1st Street: Rs 2,700 per sq.ft (2024)
• Appulinga Vathiyar Street: Rs 1,700 per sq.ft (2024)
• Apparao Thottam: Rs 2,700 per sq.ft (2024)
• Ashok Street: Rs 2,700 per sq.ft (2024)
• Ayyavu Grammi Street: Rs 2,700 per sq.ft (2024)
• Azath Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Appavu Gramani 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 amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Appavu Gramani Street?

The Sub Registrar Office that covers Appavu Gramani Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor used during the registration of property transactions in Sembiam. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Appavu Gramani Street?

The current guideline value of Appavu Gramani 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 significantly from Rs 319 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 746% over this period.

What is the land classification for Appavu Gramani Street?

Appavu Gramani Street is classified as Residential Class I Type - I under the Sembiam SRO.

What are the stamp duty and registration fees for properties on this 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.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.