Guideline Value for AYYAPPA NAGAR

Ayyappa Nagar guideline value

The current guideline value of Ayyappa Nagar, located in Kilkattalai village under the Pallavaram SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Ayyappa Nagar has changed

Over the years, the guideline value of Ayyappa Nagar has seen several revisions. The oldest recorded figure is from 2012, which was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and finally, the current rate is Rs 2,750 per sq.ft from the 2024 revision. Notably, there are no registered figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The latest revision from 2023 to 2024 shows an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kilkattalai

Kilkattalai village has 194 streets under the Pallavaram SRO with a 2024 guideline value range from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, and Ayyappa Nagar's current guideline value is above this median.

• Ayyappan Koil Street: Rs 2,750 per sq.ft (2024)
• Backiammal Nagar 1 To 5 Streets: Rs 2,200 per sq.ft (2024)
• Bakkiyammal Nagar: Rs 2,200 per sq.ft (2024)
• Arunachalam Nagar Main Road: Rs 4,125 per sq.ft (2024)
• Arunachalam Nagar 9th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 8th Street: Rs 3,300 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 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 Ayyappa Nagar?

The Sub Registrar Office that covers Ayyappa Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the official rates set by the government.

When a property is sold, the seller and buyer must consider the guideline value to determine the applicable fees. This value is used to ensure compliance with local regulations and to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Ayyappa Nagar?

The current guideline value of Ayyappa Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What are the other streets in Kilkattalai with their guideline values?

Other streets in Kilkattalai include Ayyappan Koil Street at Rs 2,750 per sq.ft, Backiammal Nagar 1 To 5 Streets and Bakkiyammal Nagar at Rs 2,200 per sq.ft, and Arunachalam Nagar Main Road at Rs 4,125 per sq.ft, among others.

What are the stamp duty and registration fees for Ayyappa Nagar?

The stamp duty for property in Ayyappa Nagar is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 2,47,500.

Which office handles registrations for Ayyappa Nagar?

The Pallavaram Sub Registrar Office handles registrations for Ayyappa Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.