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Guideline Value

Corporate

Guideline Value for AYYAVU NAGAR 3RD MAIN ROAD

₹2750/sq.ft.

The guideline value for Ayyavu Nagar 3rd Main Road in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ayyavu Nagar 3rd Main Road

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Ayyavu Nagar 3rd Main Road guideline value

The current guideline value of Ayyavu Nagar 3rd Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Ayyavu Nagar 3rd Main Road has changed

The guideline value for Ayyavu Nagar 3rd Main Road has undergone several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in the 2023 revision. The most recent 2024 revision has raised the value further to Rs 2,750 per sq.ft, marking a 10% increase from the previous year. Overall, the guideline value has risen by 64% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a substantial change in the guideline value over this period.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value for these streets is Rs 3,050 per sq.ft, indicating that Ayyavu Nagar 3rd Main Road's 2024 figure is below this median.

Stamp duty and registration fee for property in Ayyavu Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyavu Nagar 3rd Main Road?

The Sub Registrar Office that covers Ayyavu Nagar 3rd Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased and is used to calculate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall costs associated with the transaction. Buyers and sellers should ensure that they comply with these values to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Ayyavu Nagar 3rd Main Road?

The current guideline value of Ayyavu Nagar 3rd Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the registration office for Ayyavu Nagar 3rd Main Road?

The registration office for Ayyavu Nagar 3rd Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Ayyavu Nagar 3rd Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, at the current guideline value, the stamp duty would be Rs 1,92,500 for a 1,000 sq.ft plot.

What are the guideline values of other streets in Maduravoyal?

Other streets in Maduravoyal have varying guideline values, with Ayyavu Nagar 2nd Street, Ayyavu Naicken Street, and Ayyavu Nagar 1st Street all at Rs 2,750 per sq.ft in 2024, while Babyammal Road is at Rs 4,400 per sq.ft.