Guideline Value for AYYAVOO COLONY -PUDU STREET

Ayyavoo Colony -Pudu Street guideline value

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

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

The guideline value for Ayyavoo Colony -Pudu Street has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 1,350 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in the 2012 revision. However, in the 2017 revision, it decreased to Rs 4,020 per sq.ft. The guideline value then rose to Rs 6,000 per sq.ft in the 2023 revision, and currently stands at Rs 6,600 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Notably, there are no figures recorded for Ayyavoo Colony -Pudu Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 389%.

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 of Rs 6,000 per sq.ft. The guideline value of Ayyavoo Colony -Pudu Street is above this median.

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

Stamp duty and registration fee for property in Ayyavoo Colony -Pudu 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, 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyavoo Colony -Pudu Street?

The Ayyavoo Colony -Pudu Street is covered by 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 an essential factor in property transactions in Arumbakkam, as it determines the minimum price at which a property can be registered. Buyers and sellers need to be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to calculate applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the government receives the necessary revenue from property sales.

Frequently asked questions

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

The current guideline value of Ayyavoo Colony -Pudu 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 significantly 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 stamp duty and registration fees for properties in Ayyavoo Colony -Pudu Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total fees amount to Rs 5,94,000.

Which office handles property registrations in Ayyavoo Colony -Pudu Street?

The Kodambakkam Sub Registrar Office handles property registrations for Ayyavoo Colony -Pudu Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

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

Ayyavoo Colony -Pudu Street is classified as Residential Special Type - I, which indicates its intended use for residential purposes.