Guideline Value for AYYAPPAN KOIL STREET

Ayyappan Koil Street guideline value

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

How the guideline value of Ayyappan Koil Street has changed

The guideline value for Ayyappan Koil Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is a 10% increase from the 2023 figure of Rs 2,500 per sq.ft. Prior to this, the 2017 revision recorded a value of Rs 1,675 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also had a value of Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

There are no figures available for the revisions in 2002, 2003, and 2007 for Ayyappan Koil Street. It is important to note that these years do not have any recorded guideline values in the register.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Ayyappan Koil Street's current value above this median.

• Ayyappa Nagar: 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 Ayyappan Koil Street

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, bringing the total to Rs 2,47,500. 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 detailed calculations.

Which Sub Registrar Office covers Ayyappan Koil Street?

The Sub Registrar Office covering Ayyappan Koil Street 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 plays a crucial role during the registration of properties in Kilkattalai. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees payable to the government, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The guideline value is updated periodically, and it is advisable to check for the most recent figures before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Ayyappan Koil Street?

The current guideline value of Ayyappan Koil Street 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 2023 to Rs 2,750 per sq.ft in 2024, a 10% increase. The value was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for Ayyappan Koil Street?

Ayyappan Koil Street is classified as Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for properties in Ayyappan Koil Street?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ayyappan Koil Street?

The Sub Registrar Office for Ayyappan Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find more details online.