Guideline Value for AYYAVOO COLONY -NAVANEETHAMMAL STREET

Ayyavoo Colony -Navaneethammal Street guideline value

The current guideline value of Ayyavoo Colony -Navaneethammal Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, with a land classification of Residential Special Type - I.

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

The guideline value for Ayyavoo Colony -Navaneethammal 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. However, this value dropped to Rs 4,020 per sq.ft in 2017. The 2023 revision saw a rise to Rs 6,000 per sq.ft, and the current revision in 2024 has increased it further to Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 389%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

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, placing Ayyavoo Colony -Navaneethammal Street above that median with its current value of Rs 6,600 per sq.ft.

• Ayyavoo Colony -Lakshmi Ammal Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony -Parthasarathy Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony -Krishnaveni Ammal Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony -Pudu Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony -Kannappan Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony -Ranganayaki Ammal Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyavoo Colony -Navaneethammal 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 to Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyavoo Colony -Navaneethammal Street?

The Ayyavoo Colony -Navaneethammal 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 details.

How the guideline value is used when you buy or sell in Arumbakkam

The guideline value plays a crucial role during the registration of property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps maintain a standard valuation across different properties in the area.

Frequently asked questions

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

The current guideline value of Ayyavoo Colony -Navaneethammal 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 a total increase of 389% over the years.

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

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

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

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

What is the stamp duty rate for properties in Ayyavoo Colony -Navaneethammal Street?

The stamp duty rate for properties in Ayyavoo Colony -Navaneethammal Street is 7% of the guideline value or the sale price, whichever is higher.