Guideline Value for AYYAPAN STREET

Ayyapan Street guideline value

The current guideline value of Ayyapan Street in Puliyur village, under the Kodambakkam SRO, is Rs 5,000 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Ayyapan Street has changed

The guideline value for Ayyapan Street has seen significant changes over the years. In 2007, the value was Rs 1,200 per sq.ft, which remained unchanged until the 2012 revision. From 2012 to 2023, the value remained at Rs 4,600 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 5,000 per sq.ft, marking a 9% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 317%. It is important to note that the register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, indicating that Ayyapan Street's 2024 figure is below this median.

• Ayyappan Nagar: Rs 5,000 per sq.ft (2024)
• Ayyasamy Street: Rs 5,000 per sq.ft (2024)
• Avvai West Street: Rs 4,400 per sq.ft (2024)
• Azath Nagar 1st Street: Rs 3,800 per sq.ft (2024)
• Azath Nagar 2nd Street: Rs 3,800 per sq.ft (2024)
• Azath Nagar 3rd Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyapan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees to Rs 4,50,000. Please note that the 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 details.

Which Sub Registrar Office covers Ayyapan Street?

The Sub Registrar Office that covers Ayyapan Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. 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 registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in compliance with local regulations. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ayyapan Street?

The current guideline value of Ayyapan Street is Rs 5,000 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 2007 to Rs 5,000 per sq.ft in 2024, representing an overall increase of 317%.

What is the land classification for Ayyapan Street?

Ayyapan Street falls under the Residential Class III Type - I land classification.

Where can I find the Sub Registrar Office for Ayyapan Street?

The Sub Registrar Office for Ayyapan Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Ayyapan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 at a rate of 7%.