Guideline Value for AYYAVOO COLONY -SRIDHARAN STREET

Ayyavoo Colony -Sridharan Street guideline value

The current guideline value of Ayyavoo Colony -Sridharan 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 -Sridharan Street has changed

The guideline value for Ayyavoo Colony -Sridharan Street has undergone several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 1,350 per sq.ft. It increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 344%. However, the value then dropped to Rs 4,020 per sq.ft in 2017, which represented a decrease of 33%. The value increased again to Rs 6,000 per sq.ft in 2023, and most recently, it has risen to Rs 6,600 per sq.ft in 2024, a change of 10%.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 389%. The register has no figures for the years 2002 and 2003 for this street.

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 -Sridharan Street above this median.

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

Stamp duty and registration fee for property in Ayyavoo Colony -Sridharan 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, making the total cost for these fees Rs 5,94,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyavoo Colony -Sridharan Street?

The Ayyavoo Colony -Sridharan Street falls under the jurisdiction of 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 crucial when registering property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and to calculate the associated costs accurately.

Frequently asked questions

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

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

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

Ayyavoo Colony -Sridharan Street is classified under Residential Special Type - I land classification.

Where can I find the Kodambakkam Sub Registrar Office?

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

How is the stamp duty calculated for properties in Ayyavoo Colony -Sridharan Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000.