Guideline Value for AYYAVOO COLONY - VINAYAKAR KOIL STREET

Ayyavoo Colony - Vinayakar Koil Street guideline value

The current guideline value of Ayyavoo Colony - Vinayakar Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Ayyavoo Colony - Vinayakar Koil Street has changed

The guideline value for Ayyavoo Colony - Vinayakar Koil Street has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 1,570 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a substantial rise of 282%. However, the value then decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. Following this, the value surged to Rs 6,000 per sq.ft in 2023, and then to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 320%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value is Rs 6,000 per sq.ft, and Ayyavoo Colony - Vinayakar Koil Street's 2024 figure is above this median.

• Ayyavoo Colony - Vimala Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony - Vijayeswari Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony - Sridharan Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony - Siraj Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony - Rangarajulu Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony - Ranganayaki Ammal Street: Rs 6,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ayyavoo Colony - Vinayakar Koil Street?

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

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

The guideline value is a critical factor in property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value ensures that the transaction reflects a fair representation of the property's worth as determined by the government.

During the registration process, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. This helps in maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ayyavoo Colony - Vinayakar Koil Street?

The current guideline value of Ayyavoo Colony - Vinayakar Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,570 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 320% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles property registrations for Ayyavoo Colony - Vinayakar Koil Street?

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

What is the land classification for Ayyavoo Colony - Vinayakar Koil Street?

Ayyavoo Colony - Vinayakar Koil Street is classified as Residential Special Type - I, indicating its designation for residential use.