Guideline Value for AYYAPPA NAGAR

Ayyappa Nagar guideline value

The current guideline value of Ayyappa Nagar, located in Sattamangalam village under the Chengleput Joint II SRO, is Rs 660 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - III.

How the guideline value of Ayyappa Nagar has changed

In the 2023 revision, the guideline value for Ayyappa Nagar was Rs 600 per sq.ft. This reflects an increase of 10% in the 2024 revision, bringing the current guideline value to Rs 660 per sq.ft. The register does not contain figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions with figures are from 2023 and 2024, with the latter showing a notable rise. The absence of figures in earlier revisions indicates that the guideline value for Ayyappa Nagar has been established only in recent years.

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 is Rs 1,100 per sq.ft, positioning Ayyappa Nagar's 2024 figure below this median.

• Ayya Nagar (Sa): 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 Ayyappa Nagar

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, making the total cost for these fees Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyappa Nagar?

The Sub Registrar Office covering Ayyappa Nagar 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the registration department.

When a property is sold, the guideline value helps in establishing a fair amount for taxation purposes. Buyers and sellers should be aware of this value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Ayyappa Nagar?

The current guideline value of Ayyappa Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 600 per sq.ft to Rs 660 per sq.ft, which is a rise of 10%.

What is the land classification for Ayyappa Nagar?

Ayyappa Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ayyappa Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 6,60,000, the stamp duty would be Rs 46,200.