Guideline Value for AYYA NAGAR (SA)

Ayya Nagar (Sa) guideline value

The current guideline value of Ayya Nagar (Sa) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

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

The guideline value for Ayya Nagar (Sa) has undergone several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 660 per sq.ft, showing a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 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 1,100 per sq.ft, and Ayya Nagar (Sa) is currently below that median.

• Ayyappa Nagar: Rs 660 per sq.ft (2024)
• 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)

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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, 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, in the Chengalpattu registration zone. You can find your SRO for more assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to accurately assess the costs involved in their property transactions.

Frequently asked questions

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

The current guideline value of Ayya Nagar (Sa) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

Ayya Nagar (Sa) is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 59,400.

Where can I find the Sub Registrar Office for Ayya Nagar (Sa)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information online.