Guideline Value for Ayanampakkam Road

Ayanampakkam Road guideline value

The current guideline value of Ayanampakkam Road in 5. Athipattu village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Konnur SRO and is classified as Residential Class I Type - II.

How the guideline value of Ayanampakkam Road has changed

The guideline value for Ayanampakkam Road has seen several revisions over the years. In 2017, the figure was Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The guideline value of Ayanampakkam Road is equal to the median value of Rs 2,200 per sq.ft.

• Avvaiyar Street: Rs 2,200 per sq.ft (2024)
• Atlantis: Rs 5,339 per sq.ft (2024)
• Athipattu Main Road: Rs 2,200 per sq.ft (2024)
• Athiamaan Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Baba Nagar: Rs 4,400 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ayanampakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayanampakkam Road?

The Sub Registrar Office covering Ayanampakkam Road is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor in property transactions in 5. Athipattu. It determines the amount of stamp duty and registration fees that buyers and sellers must pay when registering a property. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

When buying or selling property, it is essential to refer to the latest guideline value to understand the financial implications. The guideline value serves as a benchmark for property transactions and helps in ensuring transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Ayanampakkam Road?

The current guideline value of Ayanampakkam Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%.

What is the registration office for Ayanampakkam Road?

The registration office for Ayanampakkam Road is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Ayanampakkam Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.

What are the other streets in 5. Athipattu with their guideline values?

Other streets in 5. Athipattu have varying guideline values. For example, Avvaiyar Street and Athipattu Main Road share the same guideline value of Rs 2,200 per sq.ft, while Atlantis has a higher value of Rs 5,339 per sq.ft.