Guideline Value for Ayothiya Nagar

Ayothiya Nagar guideline value

The current guideline value of Ayothiya Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Triplicane village and falls under the Triplicane SRO with a land classification of Residential Special Type - V.

How the guideline value of Ayothiya Nagar has changed

The guideline value for Ayothiya Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 508 per sq.ft, which increased to Rs 558 per sq.ft in 2003. The value then rose to Rs 710 per sq.ft in 2007, followed by a significant jump to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023 and finally reached Rs 2,700 per sq.ft in 2024.

When examining the changes, the guideline value increased by 10% from 2002 to 2003, followed by a 27% increase from 2003 to 2007. The value saw a remarkable rise of 252% from 2007 to 2012. After a decline of 33% from 2012 to 2017, the value increased by 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects an increase of 8%. Overall, from 2002 to 2024, the guideline value has increased by 431%.

Guideline values in Triplicane

In Triplicane village, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft, with a median value of Rs 6,600 per sq.ft. Ayothiya Nagar's 2024 guideline value is below this median.

• Ayyasami Chetty Lane: Rs 5,500 per sq.ft (2024)
• Ayyasami Chetty Street: Rs 5,500 per sq.ft (2024)
• Assudin Khan Street: Rs 7,700 per sq.ft (2024)
• Arunachala Achari Street: Rs 7,700 per sq.ft (2024)
• Arumuga Vaidhiyar Street: Rs 6,600 per sq.ft (2024)
• Arumugappa Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ayothiya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. It is important to note that 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 Ayothiya Nagar?

The Sub Registrar Office that covers Ayothiya Nagar is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ayothiya Nagar?

The current guideline value of Ayothiya Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 508 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 431%.

What is the land classification for Ayothiya Nagar?

Ayothiya Nagar is classified as Residential Special Type - V under the land classification system.

Where can I find the Sub Registrar Office for Ayothiya Nagar?

The Triplicane Sub Registrar Office covers Ayothiya Nagar, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 2,43,000.