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Guideline Value

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Guideline Value for AYYAVOO COLONY -INDIRANI STREET

₹6600/sq.ft.

The guideline value for Ayyavoo Colony -indirani Street in Arumbakkam village (Kodambakkam SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumbakkam

Village

Kodambakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1350 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ayyavoo Colony -indirani Street

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Ayyavoo Colony -Indirani Street guideline value

The current guideline value for Ayyavoo Colony -Indirani 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 -Indirani Street has changed

Over the years, the guideline value for Ayyavoo Colony -Indirani Street has seen significant changes. In the 2007 revision, the guideline value was Rs 1,350 per sq.ft. This increased to Rs 6,000 per sq.ft in the 2012 revision, marking a substantial rise of 344%. However, in the 2017 revision, the value decreased to Rs 4,020 per sq.ft, which was a drop of 33%. The value then rose to Rs 6,000 per sq.ft in the 2023 revision, and currently stands at Rs 6,600 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 revision, there has been an increase of 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 that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. The 2024 guideline value for Ayyavoo Colony -Indirani Street is above this median.

Stamp duty and registration fee for property in Ayyavoo Colony -Indirani 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, while 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. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ayyavoo Colony -Indirani Street?

The Sub Registrar Office that covers Ayyavoo Colony -Indirani Street is 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 plays a crucial role during the registration process of property transactions in Arumbakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions.

When a buyer agrees on a sale price for a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value for Ayyavoo Colony -Indirani 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, showing a significant increase of 389% over the years.

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

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

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

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

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 66,00,000, the stamp duty would be calculated accordingly.