Guideline Value for AYYA NAGAR (SA)

Ayya Nagar (Sa) guideline value

The current guideline value of Ayya Nagar (Sa) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Panangottur village under the Chengleput Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Ayya Nagar (Sa) has changed

The guideline value for Ayya Nagar (Sa) has seen several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following that, the value increased significantly to Rs 400 per sq.ft in 2023, and most recently, it rose to Rs 440 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, placing Ayya Nagar (Sa) below that median.

• Avvaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Azhahiri Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Avvai Duraisamy Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Bajanai Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Bajanai Koil Street (Ward -17): Rs 550 per sq.ft (2024)
• Bajanai Koil Street (Ward -19): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Ayya Nagar (Sa)

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ayya Nagar (Sa)?

The Sub Registrar Office that covers Ayya Nagar (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Panangottur. It determines the minimum value at which the property can be registered and is used to calculate the stamp duty and registration fees.

When a property is sold, the guideline value acts as a benchmark for the transaction. If the sale price is lower than the guideline value, the duty is calculated based on the higher guideline value, ensuring that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Ayya Nagar (Sa)?

The current guideline value of Ayya Nagar (Sa) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the median guideline value in Panangottur?

The median guideline value in Panangottur is Rs 990 per sq.ft, with Ayya Nagar (Sa) being below this median at Rs 440 per sq.ft.

What are the stamp duty and registration fees for Ayya Nagar (Sa)?

For a property valued at Rs 4,40,000, the stamp duty is Rs 30,800 and the registration fee is Rs 8,800, totaling Rs 39,600.

Which office handles property registrations in Ayya Nagar (Sa)?

The Chengleput Joint II Sub Registrar Office handles property registrations in Ayya Nagar (Sa), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.