Guideline Value for AYYAVOO COLONY -RANGARAJULU STREET

Ayyavoo Colony -Rangarajulu Street guideline value

The current guideline value for Ayyavoo Colony -Rangarajulu 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 it is classified as Residential Special Type - I.

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

The guideline value for Ayyavoo Colony -Rangarajulu Street has seen several revisions over the years. The earliest recorded value was Rs 1,350 per sq.ft in 2007, which increased significantly to Rs 6,000 per sq.ft in 2012. However, this figure saw a decrease to Rs 4,020 per sq.ft in 2017. The value then rose to Rs 6,000 per sq.ft in 2023, and the most recent revision has set it at Rs 6,600 per sq.ft in 2024, marking a 10% increase from the previous year.

Between these revisions, the changes were substantial. From 2007 to 2012, there was a remarkable increase of 344%. However, from 2012 to 2017, the value decreased by 33%. After that, the guideline value rose by 49% from 2017 to 2023, and the most recent revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 389%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO with a guideline value for 2024 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 -Rangarajulu Street's 2024 figure above that median.

• Ayyavoo Colony -Ranganayaki Ammal Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony -Siraj Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony -Pudu Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony -Sridharan Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony -Parthasarathy Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony -Vijayeswari Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyavoo Colony -Rangarajulu 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, charged at 7%, would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total fees would amount to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyavoo Colony -Rangarajulu Street?

The Sub Registrar Office that covers Ayyavoo Colony -Rangarajulu 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 information.

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

The guideline value is a critical factor in the registration process of property transactions in Arumbakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be sold. It is essential for buyers and sellers 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 for Ayyavoo Colony -Rangarajulu Street?

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

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

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

What are the stamp duty and registration fees for a property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 66,00,000, the total fees would amount to Rs 5,94,000.

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

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