Guideline Value for PAUL APPASAMY STREET

Paul Appasamy Street guideline value

The current guideline value of Paul Appasamy Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Paul Appasamy Street has changed

The guideline value for Paul Appasamy Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,136 per sq.ft, which increased to Rs 1,261 per sq.ft in 2003. Following this, the value rose significantly to Rs 2,000 per sq.ft in 2007, marking a 59% increase from the previous year. In 2012, the value was Rs 6,000 per sq.ft, which represented a decrease of 33% from the 2017 revision value.

The 2017 revision set the guideline value at Rs 4,020 per sq.ft, which then increased to Rs 6,000 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 481%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft, with a median value of Rs 11,000 per sq.ft. Paul Appasamy Street's 2024 guideline value is below this median.

• Perarignar Anna Colony: Rs 5,500 per sq.ft (2024)
• Parthasarathy Puram Street(Extention): Rs 5,500 per sq.ft (2024)
• Parthasarathy Puram Main Road: Rs 5,500 per sq.ft (2024)
• Parthasarathy Puram Ist Street: Rs 5,500 per sq.ft (2024)
• Parthasarathy Puram II Nd Street: Rs 5,500 per sq.ft (2024)
• Parthasarathy Puram III Rd Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Paul Appasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total cost for these fees Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Paul Appasamy Street?

The Sub Registrar Office that covers Paul Appasamy Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Tnagar. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher value between the guideline value and the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Paul Appasamy Street?

The current guideline value of Paul Appasamy Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,136 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 481% over the years.

What is the land classification for Paul Appasamy Street?

Paul Appasamy Street is classified as Residential Class III Type - I.

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Where is the Sub Registrar Office for Paul Appasamy Street located?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.