Guideline Value for Aryagowder Salai

Aryagowder Salai guideline value

The current guideline value of Aryagowder Salai is Rs 11,000 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Commercial Special Type - I.

How the guideline value of Aryagowder Salai has changed

The guideline value of Aryagowder Salai has seen several revisions over the years. The 2007 revision set the value at Rs 3,810 per sq.ft, which increased to Rs 10,000 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 6,700 per sq.ft. The value then rose significantly to Rs 10,000 per sq.ft in the 2023 revision and has now reached Rs 11,000 per sq.ft in the 2024 revision.

In terms of percentage changes, the guideline value increased by 162% from 2007 to 2012, then decreased by 33% from 2012 to 2017. Following that, there was a notable increase of 49% from 2017 to 2023, and finally, a 10% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 189%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Aryagowder Salai's 2024 figure above this median.

• Aryagowder Road Main Road: Rs 11,000 per sq.ft (2024)
• Aryagowder Road (Block 60, T.S 44): Rs 11,000 per sq.ft (2024)
• Ashoka Colony (1st Avenue): Rs 11,000 per sq.ft (2024)
• Aruna Colony: Rs 6,600 per sq.ft (2024)
• Ashok Colony (K.K.): Rs 7,700 per sq.ft (2024)
• Arunachalam Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Aryagowder Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total cost together to Rs 9,90,000. 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 Aryagowder Salai?

The Aryagowder Salai falls under the jurisdiction of the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kodambakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees during the sale process.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it ensures that the transaction is recorded accurately and fairly in the official records. This value is essential for legal documentation and helps in assessing the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Aryagowder Salai?

The current guideline value of Aryagowder Salai is Rs 11,000 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,810 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 189% over the years.

What are the other streets in Kodambakkam with similar guideline values?

Other streets in Kodambakkam, such as Aryagowder Road Main Road and Ashoka Colony (1st Avenue), also have a guideline value of Rs 11,000 per sq.ft in 2024.

What is the registration office for Aryagowder Salai?

The registration office for Aryagowder Salai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Aryagowder Salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 11,000 per sq.ft incurs a total stamp duty of Rs 7,70,000.