Guideline Value for AYYAVOO COLONY -DURAISWAMY STREET

Ayyavoo Colony -Duraiswamy Street guideline value

The current guideline value of Ayyavoo Colony -Duraiswamy 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 -Duraiswamy Street has changed

The guideline value for Ayyavoo Colony -Duraiswamy Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,350 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a 344% rise. However, this value decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 6,000 per sq.ft in 2023, followed by the current value of Rs 6,600 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 389%. It is important to note that there are no figures available for the years 2002 and 2003 in the register 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 for these streets is Rs 6,000 per sq.ft, making the 2024 figure for Ayyavoo Colony -Duraiswamy Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyavoo Colony -Duraiswamy Street?

Ayyavoo Colony -Duraiswamy Street falls under 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 when registering property transactions in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Ayyavoo Colony -Duraiswamy 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 1,350 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 -Duraiswamy Street?

Ayyavoo Colony -Duraiswamy Street is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Ayyavoo Colony -Duraiswamy Street?

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

How is the stamp duty calculated for properties in Ayyavoo Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 at 7%.