Guideline Value for Appu Street (samundeswari Nagar)

Appu Street (samundeswari Nagar) guideline value

The current guideline value of Appu Street (samundeswari Nagar) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class III Type - II.

How the guideline value of Appu Street (samundeswari Nagar) has changed

The guideline value of Appu Street (samundeswari Nagar) has undergone several revisions since 2002. The 2002 revision recorded a guideline value of Rs 163 per sq.ft, which increased to Rs 214 per sq.ft in 2003, marking a change of +31%. In 2007, the value rose significantly to Rs 260 per sq.ft, an increase of +21%. The 2017 revision saw a substantial jump to Rs 1,072 per sq.ft, reflecting a change of +312%. The guideline value further increased to Rs 1,600 per sq.ft in 2023, a rise of +49%. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, representing a +10% increase from the previous year. Notably, there is no figure available for the year 2012 in the register for this street.

Overall, from 2002 to 2024, the guideline value has increased by +980%, highlighting significant changes over the years. The revisions indicate a steady rise in the guideline value, reflecting the evolving landscape of property valuation in the area.

Guideline values in Pammal

In Pammal village, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Appu Street's 2024 figure below this median.

• Appuduari Street(Sivashankaran Nagar): Rs 1,980 per sq.ft (2024)
• Araganathan Nagar (All Streets near Krishna Nagar): Rs 2,530 per sq.ft (2024)
• Appadurai Street, Sivasankaran Nagar: Rs 1,980 per sq.ft (2024)
• Aravindar Street (V.O.C.Nagar): Rs 2,750 per sq.ft (2024)
• Argeeswarar Colony 1st Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 2nd Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Appu Street (samundeswari Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total charges to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appu Street (samundeswari Nagar)?

The Sub Registrar Office that covers Appu Street (samundeswari Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state collects appropriate revenues from property transactions, reflecting the value of the property as assessed by the registration department.

Frequently asked questions

What is the current guideline value of Appu Street (samundeswari Nagar)?

The current guideline value of Appu Street (samundeswari Nagar) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 163 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of +980% over the years.

What is the land classification of Appu Street (samundeswari Nagar)?

Appu Street (samundeswari Nagar) is classified as Residential Class III Type - II, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in Appu Street (samundeswari Nagar)?

For a 1,000 sq.ft plot, the guideline value is Rs 17,60,000, leading to a stamp duty of Rs 1,23,200 and a registration fee of Rs 35,200, totaling Rs 1,58,400.

Where is the Sub Registrar Office for Appu Street (samundeswari Nagar)?

The Sub Registrar Office for Appu Street (samundeswari Nagar) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.