Guideline Value for AYAAN CITY

Ayaan City guideline value

The current guideline value of Ayaan City is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Malayambakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - IV.

How the guideline value of Ayaan City has changed

In the 2017 revision, the guideline value was Rs 737 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 800 per sq.ft, marking a 9% rise from the previous year. Overall, from 2017 to 2024, there has been a 9% increase in the guideline value.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available for Ayaan City are from 2017, 2023, and 2024.

Guideline values in Malayambakkam

Malayambakkam has a total of 82 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing Ayaan City’s 2024 guideline value below this median.

• A.S.R. City: Rs 880 per sq.ft (2024)
• Bakthavatchalam Nagar: Rs 1,210 per sq.ft (2024)
• Balaji Nagar: Rs 935 per sq.ft (2024)
• Annappan Nagar: Rs 935 per sq.ft (2024)
• Anbu Nagar: Rs 935 per sq.ft (2024)
• Chinthamani Nagar: Rs 880 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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that 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?

Ayaan City falls under 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 Malayambakkam

The guideline value is a crucial factor during the registration of property transactions in Malayambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives revenue based on the property's assessed value.

When buying or selling property, the guideline value helps determine the official value of the transaction, which can impact the costs associated with the registration process. This ensures transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Ayaan City?

The current guideline value of Ayaan City is Rs 800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From 2017 to 2023, the guideline value remained at Rs 737 per sq.ft. However, in the 2024 revision, it increased to Rs 800 per sq.ft, marking a 9% rise from the previous year.

What are the other streets in Malayambakkam with their guideline values?

Other streets in Malayambakkam include A.S.R. City at Rs 880 per sq.ft, Bakthavatchalam Nagar at Rs 1,210 per sq.ft, and Balaji Nagar, Annappan Nagar, and Anbu Nagar all at Rs 935 per sq.ft.

What is the registration fee for property in Ayaan City?

The registration fee for property in Ayaan City is calculated based on the guideline value. For example, for a property valued at Rs 8,00,000, the registration fee at 2% would be Rs 16,000.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details about it through the provided link.