Guideline Value for Ayappa Nagar 13th Street

Ayappa Nagar 13th Street guideline value

The current guideline value of Ayappa Nagar 13th Street is Rs 2,200 per sq.ft, effective from the 2024 revision. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class II Type - I.

How the guideline value of Ayappa Nagar 13th Street has changed

The guideline value for Ayappa Nagar 13th Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, reflecting a further increase of 10% from the previous year.

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

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Ayappa Nagar 13th Street's 2024 figure below that median.

• Ayappa Nagar 12th Street: Rs 2,200 per sq.ft (2024)
• Ayappa Nagar 14th Street: Rs 2,200 per sq.ft (2024)
• Ayappa Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Ayappa Nagar 15th Street: Rs 2,200 per sq.ft (2024)
• Ayappa Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Ayappa Nagar 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ayappa Nagar 13th Street

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, resulting in a total of Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayappa Nagar 13th Street?

The Ayappa Nagar 13th Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value serves as a benchmark for property transactions in Madipakkam-1. When buying or selling property, it is essential to consider the guideline value as it affects the stamp duty and registration fees applicable to the transaction.

At the time of registration, the guideline value is used to determine the applicable fees, ensuring that the transaction adheres to the legal requirements set by the Registration Department. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ayappa Nagar 13th Street?

The current guideline value of Ayappa Nagar 13th Street is Rs 2,200 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, marking a total rise of 64% over this period.

What are the stamp duty and registration fees for a property in Ayappa Nagar 13th Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Ayappa Nagar 13th Street?

The Velacheri Sub Registrar Office handles registrations for Ayappa Nagar 13th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the range of guideline values in Madipakkam-1?

The guideline values in Madipakkam-1 range from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft.