Guideline Value for AYYAVOO COLONY -PARTHASARATHY STREET

Ayyavoo Colony -Parthasarathy Street guideline value

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

The guideline value for Ayyavoo Colony -Parthasarathy Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 1,350 per sq.ft, which saw a significant increase to Rs 6,000 per sq.ft in the 2012 revision. However, the value then decreased to Rs 4,020 per sq.ft in the 2017 revision. The 2023 revision marked an increase to Rs 6,000 per sq.ft, followed by the current value of Rs 6,600 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

In summary, the changes in the guideline value from 2007 to 2024 show a substantial overall increase of 389%. The most notable increase occurred from 2007 to 2012, with a rise of 344%. The revisions for the years 2002 and 2003 do not have any figures listed 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. The median guideline value for these streets is Rs 6,000 per sq.ft, making Ayyavoo Colony -Parthasarathy Street's 2024 figure of Rs 6,600 per sq.ft above the median.

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

Stamp duty and registration fee for property in Ayyavoo Colony -Parthasarathy 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 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 information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyavoo Colony -Parthasarathy Street?

The Sub Registrar Office that covers Ayyavoo Colony -Parthasarathy 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the appropriate fees are collected. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of Ayyavoo Colony -Parthasarathy 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 an overall increase of 389% over the years.

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

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

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

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

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