Guideline Value for AYYAVOO COLONY - GOVINDAN STREET

Ayyavoo Colony - Govindan Street guideline value

The current guideline value for Ayyavoo Colony - Govindan Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Mixed Type - II land.

How the guideline value of Ayyavoo Colony - Govindan Street has changed

The guideline value for Ayyavoo Colony - Govindan Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,835 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, the value then decreased to Rs 4,355 per sq.ft in 2017, before rising to Rs 6,500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 7,100 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 287%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,000 per sq.ft, making the current guideline value for Ayyavoo Colony - Govindan Street above this median.

• Ayyavoo Colony - Duraiswamy Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony - Indirani Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony - Ayyavoo Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony - Jayammal Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony - Ammayee Ammal Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony - Ammayee Ammal Lane: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyavoo Colony - Govindan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total cost for these fees to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyavoo Colony - Govindan Street?

The Ayyavoo Colony - Govindan Street falls under the jurisdiction of the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find more details about your SRO, you can find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Arumbakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable duties. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the transaction is fairly assessed.

Frequently asked questions

What is the current guideline value for Ayyavoo Colony - Govindan Street?

The current guideline value for Ayyavoo Colony - Govindan Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,835 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 287% over the years.

What are the stamp duty and registration fees for a property in Ayyavoo Colony - Govindan Street?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which office handles property registrations for Ayyavoo Colony - Govindan Street?

The Kodambakkam Sub Registrar Office handles property registrations for Ayyavoo Colony - Govindan Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Ayyavoo Colony - Govindan Street?

The land classification for Ayyavoo Colony - Govindan Street is Mixed Type - II, indicating the diverse usage of land in this area.