Guideline Value for Ayathaiamman Koil Street

Ayathaiamman Koil Street guideline value

The current guideline value of Ayathaiamman Koil Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ayathaiamman Koil Street has changed

Over the years, the guideline value for Ayathaiamman Koil Street has seen significant increases. The 2003 revision recorded a value of Rs 219 per sq.ft, which rose to Rs 300 per sq.ft in 2007. This was followed by a dramatic increase to Rs 1,407 per sq.ft in 2017, marking a 369% change from the previous revision. The value further increased to Rs 2,099 per sq.ft in 2023, reflecting a 49% rise from 2017. The latest revision in 2024 set the guideline value at Rs 2,350 per sq.ft, a 12% increase from the previous year.

It is worth noting that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 973%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Ayathaiamman Koil Street's 2024 figure above this median.

• Babu Reddy Avenue: Rs 2,350 per sq.ft (2024)
• Babu Reddy Avenue 2nd Street: Rs 2,350 per sq.ft (2024)
• Babu Reddy Avenue Ist Street: Rs 2,350 per sq.ft (2024)
• Babu Reddy Avenue Kannappan Street: Rs 2,350 per sq.ft (2024)
• Bakthavatchalam 1st Street: Rs 2,350 per sq.ft (2024)
• Bakthavatchalam 2nd Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Ayathaiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total cost for these fees to Rs 2,11,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayathaiamman Koil Street?

The Sub Registrar Office that covers Ayathaiamman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Anakaputhur. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, thereby ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ayathaiamman Koil Street?

The current guideline value of Ayathaiamman Koil Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 219 per sq.ft to Rs 2,350 per sq.ft in 2024, reflecting a total increase of 973% over this period.

What are the registration fees for property transactions in Ayathaiamman Koil Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ayathaiamman Koil Street located?

The Sub Registrar Office for Ayathaiamman Koil Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How does the guideline value affect property transactions?

The guideline value affects property transactions by serving as a minimum benchmark for pricing. It is essential for calculating stamp duty and registration fees during the registration process.