Guideline Value for AYYAVOO COLONY -SIRAJ STREET

Ayyavoo Colony -Siraj Street guideline value

The current guideline value of Ayyavoo Colony -Siraj 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 falls under the Residential Special Type - I land classification.

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

The guideline value for Ayyavoo Colony -Siraj Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,150 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a remarkable rise of 422%. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, followed by the latest revision in 2024 that set the value at Rs 6,600 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for Ayyavoo Colony -Siraj Street for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 474%.

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, making the 2024 figure of Ayyavoo Colony -Siraj Street above this median.

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

Stamp duty and registration fee for property in Ayyavoo Colony -Siraj 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 together 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 also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Ayyavoo Colony -Siraj Street?

The Sub Registrar Office that covers Ayyavoo Colony -Siraj Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Arumbakkam, the guideline value is a crucial factor during the registration process. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall transaction costs. The guideline value helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

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

The current guideline value of Ayyavoo Colony -Siraj 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 over the years, from Rs 1,150 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 474%.

What are the stamp duty and registration fees for property in Ayyavoo Colony -Siraj 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.

Which Sub Registrar Office covers Ayyavoo Colony -Siraj Street?

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

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

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