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 village is part of Somangalam_B and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ayarpadi has changed

In the 2017 revision, the guideline value was set at Rs 134 per sq.ft. It remained unchanged at Rs 200 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. However, there has been no change from 2023 to 2024, resulting in an overall increase of 49% from 2017 to 2024.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 250 per sq.ft, making Ayarpadi's 2024 figure 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 at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. Note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ayarpadi?

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

To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in the registration process for property transactions in Somangalam_B. It serves as the benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and based on established values.

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 increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024, resulting in a 49% increase overall from 2017 to 2024.

What is the land classification for Ayarpadi?

Ayarpadi is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Ayarpadi?

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

How is the stamp duty calculated for property transactions in Ayarpadi?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,00,000, the stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000.