Guideline Value for Appulinga Vathiyar Street

Appulinga Vathiyar Street guideline value

The current guideline value of Appulinga Vathiyar Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, with a land classification of Residential Class II Type - II.

How the guideline value of Appulinga Vathiyar Street has changed

The guideline value for Appulinga Vathiyar Street has undergone several revisions over the years. The earliest recorded value in 2002 was Rs 343 per sq.ft. This increased to Rs 372 per sq.ft in 2003, marking an 8% rise. By 2007, the value rose significantly to Rs 700 per sq.ft, reflecting an 88% increase. In 2012, the value remained at Rs 1,600 per sq.ft, showing no recorded change for that year. However, in 2017, the value decreased to Rs 1,072 per sq.ft, a decline of 33%. The 2023 revision saw a substantial increase to Rs 1,600 per sq.ft, followed by the current value of Rs 1,700 per sq.ft in 2024, which is a 6% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 396%. The register has no figures for the years not mentioned, indicating that no recorded values exist for those periods.

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, with a median value of Rs 2,700 per sq.ft. Appulinga Vathiyar Street's 2024 figure is below this median.

• Appavu Gramani Street: Rs 2,700 per sq.ft (2024)
• Appavoo Garden 1st Street: Rs 2,700 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 Appulinga Vathiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, resulting in a total of Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appulinga Vathiyar Street?

The Sub Registrar Office that covers Appulinga Vathiyar Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Sembiam. It serves as a benchmark for determining the minimum value at which property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is officially recorded and that all legal requirements are met.

Frequently asked questions

What is the current guideline value of Appulinga Vathiyar Street?

The current guideline value of Appulinga Vathiyar Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 343 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 396% over the years.

What is the median guideline value in Sembiam?

The median guideline value in Sembiam is Rs 2,700 per sq.ft for the year 2024, with Appulinga Vathiyar Street's value being below this median.

What are the stamp duty and registration fees for property in Appulinga Vathiyar Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,53,000, based on the current guideline value of Rs 1,700 per sq.ft.

Where can I find the Sub Registrar Office for Appulinga Vathiyar Street?

The Sub Registrar Office for Appulinga Vathiyar Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.