Guideline Value for AYYAVOO COLONY -RANGANAYAKI AMMAL STREET

Ayyavoo Colony -Ranganayaki Ammal Street guideline value

The current guideline value of Ayyavoo Colony -Ranganayaki Ammal 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. The land classification for this area is Residential Special Type - I.

How the guideline value of Ayyavoo Colony -Ranganayaki Ammal Street has changed

The guideline value for Ayyavoo Colony -Ranganayaki Ammal Street has seen several revisions over the years. The 2007 revision set the value at Rs 2,000 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in the 2012 revision, marking a 200% increase. However, the 2017 revision saw a decrease to Rs 4,020 per sq.ft, a drop of 33%. The value then rose to Rs 6,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 6,600 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

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

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

Stamp duty and registration fee for property in Ayyavoo Colony -Ranganayaki Ammal 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, resulting in a total of Rs 5,94,000. Please 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 -Ranganayaki Ammal Street?

The Ayyavoo Colony -Ranganayaki Ammal Street falls under 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 crucial factor in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Ayyavoo Colony -Ranganayaki Ammal 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 2,000 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What are the other streets in Ayyavoo Colony with the same guideline value?

Other streets in Ayyavoo Colony, such as Pudu Street, Rangarajulu Street, Parthasarathy Street, Siraj Street, Navaneethammal Street, and Sridharan Street, also have a guideline value of Rs 6,600 per sq.ft for 2024.

What is the stamp duty for property in Ayyavoo Colony -Ranganayaki Ammal Street?

The stamp duty for property in Ayyavoo Colony -Ranganayaki Ammal Street is 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000.

Where can I find the Sub Registrar Office for Ayyavoo Colony?

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