Guideline Value for AYYAVOO COLONY -AMMAYEE AMMAL STREET

Ayyavoo Colony -Ammayee Ammal Street guideline value

The current guideline value of Ayyavoo Colony -Ammayee Ammal Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village and falls under the Kodambakkam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Ayyavoo Colony -Ammayee Ammal Street has changed

The guideline value for Ayyavoo Colony -Ammayee Ammal Street has seen several revisions over the years. In 2007, the value was Rs 1,350 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 270%. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, a drop of 20%. The value then increased to Rs 6,000 per sq.ft in 2023, reflecting a substantial increase of 49%. The latest revision in 2024 has set the guideline value at Rs 6,600 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for Ayyavoo Colony -Ammayee Ammal Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 389%.

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, placing Ayyavoo Colony -Ammayee Ammal Street above this median.

• Ayyavoo Colony -Ammayee Ammal Lane: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony -Ayyavoo Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony -Duraiswamy Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony - Govindan Street: Rs 7,100 per sq.ft (2024)
• Ayyavoo Colony -Indirani Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony -Jayammal Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyavoo Colony -Ammayee Ammal 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.

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

Which Sub Registrar Office covers Ayyavoo Colony -Ammayee Ammal Street?

The Ayyavoo Colony -Ammayee Ammal Street falls under the jurisdiction of 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 Arumbakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ayyavoo Colony -Ammayee Ammal Street?

The current guideline value of Ayyavoo Colony -Ammayee Ammal 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 from Rs 1,350 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 389% over the years.

What is the land classification for Ayyavoo Colony -Ammayee Ammal Street?

The land classification for Ayyavoo Colony -Ammayee Ammal Street is Residential Special Type - I.

Where can I find the registration office for this area?

The registration office for Ayyavoo Colony -Ammayee Ammal Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Ayyavoo Colony -Ammayee Ammal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 5,94,000, including stamp duty and registration fees.