Guideline Value for Apragamlingan street

Apragamlingan street guideline value

The current guideline value of Apragamlingan street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Apragamlingan street has changed

The guideline value for Apragamlingan street has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,345 per sq.ft. The next revision in 2023 raised the value to Rs 3,500 per sq.ft, and the most recent revision in 2024 increased it further to Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from the 2012 figure to the current 2024 figure.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Apragamlingan street's 2024 figure above that median.

• Apparao Colony 2nd Street: Rs 3,850 per sq.ft (2024)
• Apparao Colony 1st Street: Rs 3,850 per sq.ft (2024)
• Aridasapuram Main Road: Rs 1,650 per sq.ft (2024)
• Aristattle Street: Rs 1,650 per sq.ft (2024)
• Anna Street Thirumurugan Street: Rs 2,750 per sq.ft (2024)
• Anna Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Apragamlingan street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Apragamlingan street?

The Sub Registrar Office that covers Apragamlingan street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Chitlapakkam, as it determines the minimum price at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

Additionally, the guideline value helps maintain transparency in property transactions, providing a standardized reference that buyers and sellers can rely on. This system helps to prevent underreporting of property values during registration.

Frequently asked questions

What is the current guideline value of Apragamlingan street?

The current guideline value of Apragamlingan street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012, showing a significant increase over the years.

What are the other streets in Chitlapakkam with similar guideline values?

Other streets in Chitlapakkam with similar guideline values include Apparao Colony 2nd Street and Apparao Colony 1st Street, both at Rs 3,850 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on Apragamlingan street?

The stamp duty for properties on Apragamlingan street is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 3,46,500.

Which office handles property registrations for Apragamlingan street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Apragamlingan street, located at No.26, MES Road, East Tambaram, Chennai-600059.