Guideline Value for Ayya Nagar Adhisankarar Street

Ayya Nagar Adhisankarar Street guideline value

The current guideline value of Ayya Nagar Adhisankarar Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO and is classified as Residential Class I Type - III.

How the guideline value of Ayya Nagar Adhisankarar Street has changed

The guideline value for Ayya Nagar Adhisankarar Street has seen several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The value then rose again to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft from the 2024 revision. The register has no figures for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while from 2023 to 2024, it rose by 8%. The most notable change occurred from 2007 to 2012, where the value surged by 900%. Overall, from 2007 to 2024, the guideline value has increased by 980%.

Guideline values in Chembakkam

In Chembakkam village, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Ayya Nagar Adhisankarar Street above that median.

• Ayya Nagar: Rs 2,700 per sq.ft (2024)
• Ayya Nagar Amman Street: Rs 2,700 per sq.ft (2024)
• Ayya Nagar SaiBaba Street: Rs 2,700 per sq.ft (2024)
• Bakiyam Nagar: Rs 2,700 per sq.ft (2024)
• Bakiyam Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Bakiyam Nagar 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ayya Nagar Adhisankarar Street

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, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayya Nagar Adhisankarar Street?

The Sub Registrar Office that covers Ayya Nagar Adhisankarar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Chembakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is considered to determine the applicable charges. Buyers should be aware that the stamp duty is levied on either the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Ayya Nagar Adhisankarar Street?

The current guideline value of Ayya Nagar Adhisankarar Street 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 from Rs 250 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, with various revisions in between, including a notable increase of 900% from 2007 to 2012.

What is the stamp duty for property in Ayya Nagar Adhisankarar Street?

The stamp duty for property in Ayya Nagar Adhisankarar Street is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,89,000.

Where is the Sub Registrar Office for Ayya Nagar Adhisankarar Street located?

The Sub Registrar Office for Ayya Nagar Adhisankarar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the land classification of Ayya Nagar Adhisankarar Street?

Ayya Nagar Adhisankarar Street is classified as Residential Class I Type - III, indicating its suitability for residential development.