Guideline Value for AYYAVOO COLONY -KANNAPPAN STREET

Ayyavoo Colony -Kannappan Street guideline value

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

The guideline value for Ayyavoo Colony -Kannappan Street has seen 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, marking a rise of 344%. However, this value dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, and the latest revision in 2024 set the guideline value at Rs 6,600 per sq.ft, an increase of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 389%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

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 -Kannappan Street's 2024 figure above that median.

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

Stamp duty and registration fee for property in Ayyavoo Colony -Kannappan 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, totaling 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 -Kannappan Street?

The Ayyavoo Colony -Kannappan 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 calculating the stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When a buyer or seller engages in a property transaction, the guideline value helps determine the legal value of the property being sold. This ensures transparency and fairness in the registration process, as the fees are based on the established guideline values.

Frequently asked questions

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

The current guideline value for Ayyavoo Colony -Kannappan 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, marking an overall increase of 389% over the years.

What are the other streets in Ayyavoo Colony and their guideline values?

Other streets in Ayyavoo Colony, such as Krishnaveni Ammal Street, Jayammal Street, Lakshmi Ammal Street, Indirani Street, and Navaneethammal Street, all have a guideline value of Rs 6,600 per sq.ft in 2024, while Govindan Street has a value of Rs 7,100 per sq.ft.

What fees are associated with buying property in Ayyavoo Colony -Kannappan Street?

When buying property in Ayyavoo Colony -Kannappan Street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

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

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