Guideline Value for AYYASAMY STREET

Ayyasamy Street guideline value

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

How the guideline value of Ayyasamy Street has changed

The guideline value for Ayyasamy Street has seen several revisions over the years. Starting from Rs 795 per sq.ft in 2002, it increased to Rs 873 per sq.ft in 2003, marking a 10% rise. The value then jumped significantly to Rs 1,200 per sq.ft in 2007, reflecting a 37% increase. The next revision in 2012 maintained the value at Rs 4,600 per sq.ft, showing no change from the previous year. In 2023, the value remained at Rs 4,600 per sq.ft, but in 2024, it rose to Rs 5,000 per sq.ft, which is a 9% increase from the previous year.

It is important to note that there is no figure available for Ayyasamy Street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by 529%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value 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 Ayyasamy Street's 2024 figure is below that median.

• Ayyappan Nagar: Rs 5,000 per sq.ft (2024)
• Azath Nagar 1st Street: Rs 3,800 per sq.ft (2024)
• Ayyapan Street: Rs 5,000 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 Ayyasamy 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, totaling Rs 4,50,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyasamy Street?

Ayyasamy Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When you buy or sell property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. It is crucial for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ayyasamy Street?

The current guideline value of Ayyasamy 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 increased significantly from Rs 795 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 529% over this period.

What is the land classification for Ayyasamy Street?

Ayyasamy Street is classified as Residential Class III Type - I under the Kodambakkam SRO.

What are the stamp duty rates applicable for properties in Ayyasamy Street?

The stamp duty for properties in Ayyasamy Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Kodambakkam Sub Registrar Office?

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