Guideline Value for Appuduari Street(Sivashankaran Nagar)

Appuduari Street(Sivashankaran Nagar) guideline value

The current guideline value of Appuduari Street(Sivashankaran Nagar) is Rs 1,980 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 II Type - II.

How the guideline value of Appuduari Street(Sivashankaran Nagar) has changed

The guideline value for Appuduari Street(Sivashankaran Nagar) has seen significant changes over the years. In 2002, the value was Rs 200 per sq.ft, which increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 260 per sq.ft in 2007, a 15% increase, and further jumped to Rs 1,206 per sq.ft in 2017, reflecting a remarkable 364% change. The next revision in 2023 set the value at Rs 1,800 per sq.ft, a 49% increase from the previous figure. The current revision in 2024 shows a further increase of 10%, bringing the guideline value to Rs 1,980 per sq.ft.

It is important to note that 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 890%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, which means that Appuduari Street(Sivashankaran Nagar) is below the median value.

• Appu Street (samundeswari Nagar): Rs 1,760 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 Appuduari Street(Sivashankaran Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty, charged at 7%, would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Appuduari Street(Sivashankaran Nagar)?

The Sub Registrar Office that covers Appuduari Street(Sivashankaran 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 information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the authorities will use the guideline value to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Appuduari Street(Sivashankaran Nagar)?

The current guideline value of Appuduari Street(Sivashankaran Nagar) is Rs 1,980 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 200 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 890%.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal under the Pammal SRO is Rs 2,090 per sq.ft, making Appuduari Street(Sivashankaran Nagar) below this median.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Appuduari Street(Sivashankaran Nagar)?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.