Guideline Value for AYAAN CITY PHASE-2

Ayaan City Phase-2 guideline value

The current guideline value of Ayaan City Phase-2 is Rs 1,540 per sq.ft, effective from 1 July 2024. This property is located in Chennerkuppam village, under the Kunrathur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ayaan City Phase-2 has changed

The guideline value for Ayaan City Phase-2 has seen significant changes over the years. In the 2017 revision, the value was Rs 938 per sq.ft. By the 2023 revision, it increased to Rs 1,400 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It's important to note that the register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the guideline value of Ayaan City Phase-2.

• Ayaan City: Rs 1,430 per sq.ft (2024)
• Avadi Road: Rs 4,620 per sq.ft (2024)
• Audco Nagar & phase1 & phase 2: Rs 1,540 per sq.ft (2024)
• Astalakshmi Avenue phase 1, 2, 3: Rs 1,540 per sq.ft (2024)
• Ashtalakshmi Avenue Phase IV: Rs 4,105 per sq.ft (2024)
• Bajanai koil Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Ayaan City Phase-2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total fees to Rs 1,38,600. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ayaan City Phase-2?

The Sub Registrar Office that covers Ayaan City Phase-2 is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chennerkuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer and seller agree on a sale price, the registration office will assess the guideline value. The stamp duty and registration fees are calculated based on the higher of the guideline value or the agreed sale price, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Ayaan City Phase-2?

The current guideline value of Ayaan City Phase-2 is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty rates for property in Ayaan City Phase-2?

The stamp duty for property in Ayaan City Phase-2 is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Chennerkuppam?

The median guideline value in Chennerkuppam is Rs 1,540 per sq.ft, which is also the guideline value for Ayaan City Phase-2.