Guideline Value for Ayanavaram Salai

Ayanavaram Salai guideline value

The current guideline value of Ayanavaram Salai is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of Ayanavaram Salai has changed

The guideline value for Ayanavaram Salai has experienced several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it saw a decrease to Rs 3,350 per sq.ft in 2017. The subsequent revision in 2023 raised it to Rs 5,000 per sq.ft, and the latest revision in 2024 has set it at Rs 5,500 per sq.ft. The register has no figure for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 358%. The most notable change occurred from 2007 to 2012, where the value surged by 317%. The increase from 2017 to 2023 was 49%, and the jump from 2023 to 2024 is 10%.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this village is Rs 4,900 per sq.ft, making Ayanavaram Salai's 2024 figure of Rs 5,500 per sq.ft above the median.

• Avvai Nagar, Chennai 82: Rs 4,400 per sq.ft (2024)
• Avvai Nagar 2nd Street, G.K.M.COLONY: Rs 4,400 per sq.ft (2024)
• Azad Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Babu Raja Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Arumuga naicker Street: Rs 4,400 per sq.ft (2024)
• Arulappa Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ayanavaram Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayanavaram Salai?

The Ayanavaram Salai is covered by the AnnaNagar 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must ensure that the sale price is in line with the guideline value to avoid discrepancies during registration. The registration office uses this value to calculate the applicable fees, ensuring a standardized process for property transactions.

Frequently asked questions

What is the current guideline value of Ayanavaram Salai?

The current guideline value of Ayanavaram Salai is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 358% over the years.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram village is Rs 4,900 per sq.ft, with Ayanavaram Salai's current value being above this median.

What are the stamp duty rates for properties in Ayanavaram Salai?

The stamp duty for properties in Ayanavaram Salai is set at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ayanavaram Salai?

The Sub Registrar Office covering Ayanavaram Salai is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.