Guideline Value for AYYANAR AVENUE

Ayyanar Avenue guideline value

The current guideline value of Ayyanar Avenue in Periyakuppam village, under the Tiruvallur Joint 1 SRO, is Rs 1,320 per sq.ft as per the 2024 revision effective from 1 July 2024. This property falls under the Residential Class I Type - II land classification.

How the guideline value of Ayyanar Avenue has changed

The guideline value for Ayyanar Avenue has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 1,200 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 1,320 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no recorded figures for Ayyanar Avenue in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Ayyanar Avenue's 2024 figure above this median.

• Athiyaman Street: Rs 1,100 per sq.ft (2024)
• Athiyaman Cross Street: Rs 879 per sq.ft (2024)
• Bai - Pass Road: Rs 3,300 per sq.ft (2024)
• Arumugam Nagar: Rs 879 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Bala Vinayagar Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyanar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyanar Avenue?

The Ayyanar Avenue falls under the Tiruvallur Joint 1 Sub Registrar Office located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the current market conditions.

When buyers and sellers agree on a sale price, the higher of the sale price or the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ayyanar Avenue?

The current guideline value of Ayyanar Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for Ayyanar Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000, resulting in a stamp duty of Rs 92,400 and a registration fee of Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Ayyanar Avenue?

Ayyanar Avenue is covered by the Tiruvallur Joint 1 Sub Registrar Office located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Ayyanar Avenue?

Ayyanar Avenue falls under the Residential Class I Type - II land classification, indicating its suitability for residential purposes.