Guideline Value for AYAAN CITY

Ayaan City guideline value

The current guideline value of Ayaan City, located in Chennerkuppam village under the Kunrathur SRO, is Rs 1,430 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Ayaan City has changed

The guideline value for Ayaan City has seen significant changes over the years. The 2017 revision set the value at Rs 871 per sq.ft. This was followed by a substantial increase to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 further increased the guideline value to Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

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

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, with a median value of Rs 1,540 per sq.ft. Ayaan City's current guideline value is below this median.

• Ayaan City Phase-2: Rs 1,540 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ayaan City?

The Sub Registrar Office covering Ayaan City is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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 stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ayaan City?

The current guideline value of Ayaan City is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,430 per sq.ft in 2024, marking an overall increase of 64% over these years.

What is the registration office for Ayaan City?

The registration office for Ayaan City is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 14,30,000 would incur a stamp duty of Rs 1,00,100 at 7%.

What is the land classification of Ayaan City?

Ayaan City falls under the Residential Class I Type - III land classification, which is a designation for residential properties in the area.