Guideline Value for Appu Maistry Street

Appu Maistry Street guideline value

The current guideline value of Appu Maistry Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village, under the Sowcarpet SRO, and is classified as Residential Special Type - III.

How the guideline value of Appu Maistry Street has changed

The guideline value for Appu Maistry Street has seen several changes over the years. The 2003 revision recorded a value of Rs 1,225 per sq.ft, which increased to Rs 1,600 per sq.ft in 2007. This was followed by a significant jump to Rs 4,500 per sq.ft in 2012, but then it decreased to Rs 3,015 per sq.ft in 2017. The value then rose to Rs 4,500 per sq.ft in 2023 before reaching the current value of Rs 4,900 per sq.ft in 2024. The register has no figure for this street in 2002.

Between these revisions, notable changes include a 9% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. The value also saw a remarkable 181% increase from 2007 to 2012 and a 31% increase from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 300%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry a 2024 guideline value ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Appu Maistry Street's 2024 value above this median.

• Arak Godown Street: Rs 3,800 per sq.ft (2024)
• Appasamy Mudali Street: Rs 4,900 per sq.ft (2024)
• Appasamy Lane: Rs 4,900 per sq.ft (2024)
• Appan Street: Rs 4,400 per sq.ft (2024)
• Anumantha Rayan Koil Street: Rs 4,400 per sq.ft (2024)
• Anthony Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Appu Maistry Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Appu Maistry Street?

The Sub Registrar Office covering Appu Maistry Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Muthiyalpet. 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 with 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 Appu Maistry Street?

The current guideline value of Appu Maistry Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,225 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, with various increases and decreases noted in the revisions over the years.

What is the median guideline value in Muthiyalpet?

The median guideline value in Muthiyalpet is Rs 4,400 per sq.ft, with Appu Maistry Street's current value above this median.

What are the stamp duty and registration fees for property in Appu Maistry Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 4,41,000.

Which office handles registrations for Appu Maistry Street?

The Sowcarpet Sub Registrar Office handles registrations for Appu Maistry Street, located at No.11, Davidson Street, Sowcarpet, Chennai-01.