Guideline Value for AYYAVOO COLONY -VIJAYESWARI STREET

Ayyavoo Colony -Vijayeswari Street guideline value

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

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

The guideline value for Ayyavoo Colony -Vijayeswari Street has seen significant changes over the years. In 2007, the guideline value was Rs 1,350 per sq.ft, which increased to Rs 6,000 per sq.ft in 2012. However, it dropped to Rs 4,020 per sq.ft in 2017 before rising to Rs 6,000 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has risen by 389%. The revisions for the years 2002 and 2003 do not have figures recorded for this street in the register.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that have a guideline value for 2024, 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 -Vijayeswari Street above this median.

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

Stamp duty and registration fee for property in Ayyavoo Colony -Vijayeswari 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, while 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 and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyavoo Colony -Vijayeswari Street?

The Sub Registrar Office that covers Ayyavoo Colony -Vijayeswari 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 plays a crucial role in property transactions in Arumbakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property transactions. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these fees.

When a property is sold, the guideline value is considered along with the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring that all transactions comply with local regulations.

Frequently asked questions

What is the current guideline value for Ayyavoo Colony -Vijayeswari Street?

The current guideline value for Ayyavoo Colony -Vijayeswari 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 increased 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 this period.

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

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

Where is the Kodambakkam Sub Registrar Office located?

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

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential to consider the guideline value alongside the sale price to determine the applicable fees accurately.