Guideline Value for Ayappakkam Road

Ayappakkam Road guideline value

The current guideline value of Ayappakkam Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ayappakkam Road has changed

The guideline value for Ayappakkam Road has undergone several revisions over the years. In 2012, the value was set at Rs 2,600 per sq.ft, which was then reduced to Rs 1,742 per sq.ft in 2017, marking a decrease of 33%. The value increased significantly to Rs 2,600 per sq.ft in 2023, and further rose to Rs 2,800 per sq.ft in the 2024 revision, reflecting an 8% increase from the previous year. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2012 to 2024, it has seen a net increase of 8%. The most recent revision in 2024 indicates a growing valuation trend for the area.

Guideline values in Ambattur

In Ambattur village, a total of 448 streets fall under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, placing Ayappakkam Road's 2024 figure below that median.

• Ayyappan Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Athipattu Road: Rs 3,600 per sq.ft (2024)
• Athipattu Kalaivanar Nagr (TNSCB): Rs 3,400 per sq.ft (2024)
• Athaiaman Street: Rs 1,600 per sq.ft (2024)
• Asian garden: Rs 3,600 per sq.ft (2024)
• Bajanai Koil 1st & 2nd Street (kalyanapuram): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ayappakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost to Rs 2,52,000. 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 Ayappakkam Road?

The Sub Registrar Office covering Ayappakkam Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a value that reflects the official valuation set by the authorities. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Ayappakkam Road?

The current guideline value of Ayappakkam Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,600 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, an increase of 8%. It was Rs 1,742 per sq.ft in 2017 and Rs 2,600 per sq.ft in 2012, indicating significant fluctuations over the years.

What is the land classification of Ayappakkam Road?

Ayappakkam Road is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.

Where is the Sub Registrar Office for Ayappakkam Road located?

The Sub Registrar Office for Ayappakkam Road is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000.