Guideline Value for Ayarpadi

Ayarpadi guideline value

The current guideline value of Ayarpadi is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Somangalam village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Ayarpadi has changed

The guideline value for Ayarpadi has seen several revisions over the years. The 2007 revision set the value at Rs 75 per sq.ft, which increased significantly to Rs 200 per sq.ft in the 2012 revision. However, this value dropped to Rs 134 per sq.ft in the 2017 revision before stabilizing at Rs 200 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2012 to 2017, it decreased by 33%. Notably, the overall change from 2007 to 2024 reflects a substantial increase of 167% in the guideline value.

Guideline values in Somangalam

In Somangalam, there are 86 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value of Ayarpadi is below this median.

• Bajanai koil street: Rs 400 per sq.ft (2024)
• Ashok Nagar: Rs 250 per sq.ft (2024)
• Balaji Nagar: Rs 400 per sq.ft (2024)
• Anna Nagar: Rs 250 per sq.ft (2024)
• Annai Nagar Annex: Rs 150 per sq.ft (2024)
• Annai Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Ayarpadi

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, which totals Rs 14,000, and the registration fee at 2%, which amounts to Rs 4,000. Therefore, the total cost for stamp duty and registration fee together is Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayarpadi?

The Ayarpadi area falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Somangalam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is the minimum value set by the government for property transactions, ensuring that the state receives appropriate revenue from property sales.

During the registration process, if the sale price of the property is higher than the guideline value, the stamp duty will be calculated based on the sale price. This ensures that buyers are aware of the financial implications when engaging in property transactions within the area.

Frequently asked questions

What is the current guideline value of Ayarpadi?

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

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 200 per sq.ft in both 2023 and 2024. The value was Rs 134 per sq.ft in 2017 and Rs 75 per sq.ft in 2007.

What is the land classification for Ayarpadi?

Ayarpadi is classified as Residential Class III Type - I, which indicates its designation for residential purposes.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated in Ayarpadi?

Stamp duty in Ayarpadi 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 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.