Guideline Value for AYYAVOO COLONY -JAYAMMAL STREET

Ayyavoo Colony -Jayammal Street guideline value

The current guideline value of Ayyavoo Colony -Jayammal 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, classified as Residential Special Type - I.

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

The guideline value for Ayyavoo Colony -Jayammal Street has undergone several revisions over the years. In 2007, the value was Rs 1,350 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, it then decreased to Rs 4,020 per sq.ft in 2017 before rising again to Rs 6,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

Between the years, the changes reflect a 344% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. The value then surged by 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 389%. It is important to note that 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 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 guideline value of Ayyavoo Colony -Jayammal Street is above this median.

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

Stamp duty and registration fee for property in Ayyavoo Colony -Jayammal 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 details.

Which Sub Registrar Office covers Ayyavoo Colony -Jayammal Street?

The Ayyavoo Colony -Jayammal 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 during the registration of property transactions in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps to establish a fair valuation for the property, which is essential for both the buyer and the seller. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Ayyavoo Colony -Jayammal 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 various increases and decreases over the years.

What is the land classification of Ayyavoo Colony -Jayammal Street?

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

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 5,94,000.

Where is the Sub Registrar Office for Ayyavoo Colony -Jayammal Street located?

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