Guideline Value for AYYAPPAN NAGAR

Ayyappan Nagar guideline value

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

How the guideline value of Ayyappan Nagar has changed

The guideline value for Ayyappan Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 900 per sq.ft. This increased significantly to Rs 4,600 per sq.ft in 2012, marking a substantial rise of 411%. The value remained unchanged at Rs 4,600 per sq.ft until the next revision in 2023, when it increased to Rs 4,600 per sq.ft. The most recent revision in 2024 saw the guideline value rise to Rs 5,000 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no recorded figures for Ayyappan Nagar in the revisions for 2017, 2003, and 2002. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 456%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Ayyappan Nagar's 2024 figure below that median.

• Ayyasamy Street: Rs 5,000 per sq.ft (2024)
• Ayyapan Street: Rs 5,000 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)
• Azath Nagar 4th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappan Nagar

For a property in Ayyappan Nagar measuring 1,000 sq.ft 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, leading to a total cost of Rs 4,50,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyappan Nagar?

The Sub Registrar Office that covers Ayyappan Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Puliyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the necessary taxes are paid based on the established values.

Frequently asked questions

What is the current guideline value of Ayyappan Nagar?

The current guideline value of Ayyappan Nagar 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 900 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 456% over the years.

What are the other streets with guideline values in Puliyur?

Other streets in Puliyur include Ayyasamy Street and Ayyapan Street, both at Rs 5,000 per sq.ft, and several Azath Nagar streets at Rs 3,800 per sq.ft.

What fees are associated with buying property in Ayyappan Nagar?

When buying property in Ayyappan Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ayyappan Nagar?

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