Guideline Value for AYYA NAGAR (SA)

Ayya Nagar (Sa) guideline value

The current guideline value of Ayya Nagar (Sa) in Peramanoor village is Rs 550 per sq.ft, effective from 1 July 2024. This area falls 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 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and then rose to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Looking at the changes between revisions, the 2023 to 2024 revision saw an increase of 10%. 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 Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Ayya Nagar (Sa) below the 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 550 per sq.ft (2024)
• Bajanai Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Bajanai Koil Street (Ward -19): Rs 550 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 guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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 information.

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

The guideline value is a crucial factor in property transactions in Peramanoor. When buying or selling property, the guideline value helps determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The registration process requires that the property be valued according to the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Ayya Nagar (Sa) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Ayya Nagar (Sa)?

Ayya Nagar (Sa) is classified as Residential Class II Type - II.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ayya Nagar (Sa)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.