Guideline Value for Audiyappa Chety street

Audiyappa Chety street guideline value

The current guideline value of Audiyappa Chety street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village, under the Periamet SRO, and is classified as Residential Class I Type - II.

How the guideline value of Audiyappa Chety street has changed

The guideline value for Audiyappa Chety street has seen significant changes over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased dramatically to Rs 3,500 per sq.ft in the 2012 revision, marking a rise of 400%. However, by the 2017 revision, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The 2023 revision set the value at Rs 3,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 3,800 per sq.ft, reflecting a 9% increase.

Overall, from 2007 to 2024, the guideline value has increased by 443%. Notably, there are no figures available for the revisions in 2002 and 2003 for Audiyappa Chety street.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, making the current value of Audiyappa Chety street above this median.

• Ayya Mudalai Street: Rs 3,800 per sq.ft (2024)
• Ayya mudali lane: Rs 3,800 per sq.ft (2024)
• Ayya Mudali street: Rs 6,000 per sq.ft (2024)
• Arunchala lane: Rs 3,800 per sq.ft (2024)
• Arunachala Naicken street: Rs 8,200 per sq.ft (2024)
• Balakrishna Pillai 1st lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Audiyappa Chety street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Audiyappa Chety street?

The Sub Registrar Office that covers Audiyappa Chety street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chindadripet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Audiyappa Chety street?

The current guideline value of Audiyappa Chety street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 700 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 443% over this period.

What are the stamp duty rates applicable for property in Audiyappa Chety street?

The stamp duty for property in Audiyappa Chety street is charged at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I approach for property transactions in Audiyappa Chety street?

The Periamet Sub Registrar Office covers Audiyappa Chety street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value in Chindadripet?

The median guideline value in Chindadripet is Rs 3,300 per sq.ft, which is lower than the current value of Audiyappa Chety street.