Guideline Value for Pappammal Street

Pappammal Street guideline value

The current guideline value of Pappammal Street in Ayanavaram village is Rs 4,900 per sq.ft, effective from 1 July 2024. This street falls under the AnnaNagar SRO and is classified as Residential Class I Type - III.

How the guideline value of Pappammal Street has changed

The guideline value for Pappammal Street has seen several revisions over the years. In 2002, the value was Rs 462 per sq.ft, which increased to Rs 519 per sq.ft in 2003, marking a 12% rise. The value further rose to Rs 1,000 per sq.ft in 2007, reflecting a significant increase of 93%. By 2012, the value was Rs 4,500 per sq.ft, showing a substantial growth of 350% from the previous revision. However, in 2017, the value decreased to Rs 3,015 per sq.ft, indicating a decline of 33%.

From 2017 to 2023, the guideline value increased to Rs 4,500 per sq.ft, a rise of 49%. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, which is a 9% increase from the previous year. The overall change from 2002 to 2024 has been an impressive increase of 961%. There are no figures available for any other revisions for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, which matches the guideline value of Pappammal Street.

• Parakka Road: Rs 7,700 per sq.ft (2024)
• Parasurama Eswaran koil 2nd Lane: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil 3rd Lane: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil Kulakkarai Street: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil North Mada street: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil North Mada street Lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Pappammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Pappammal Street?

Pappammal Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling properties in Ayanavaram. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the government receives the appropriate revenue from property transactions. Therefore, understanding the guideline value is essential for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Pappammal Street?

The current guideline value of Pappammal Street is Rs 4,900 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 462 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 961% over the years.

What is the classification of Pappammal Street?

Pappammal Street is classified as Residential Class I Type - III under the AnnaNagar SRO.

Where can I find the Sub Registrar Office for Pappammal Street?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty and registration fee of Rs 4,41,000.