Guideline Value for Ayya Nagar Amman Street

Ayya Nagar Amman Street guideline value

The current guideline value of Ayya Nagar Amman 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 falls under the Residential Class I Type - III land classification.

How the guideline value of Ayya Nagar Amman Street has changed

Over the years, the guideline value for Ayya Nagar Amman Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 900%. However, by 2017, the value dropped to Rs 1,675 per sq.ft, which was a decrease of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, followed by another increase to Rs 2,700 per sq.ft in 2024, reflecting an 8% rise.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a remarkable increase of 980%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, 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 guideline value in this village is Rs 2,200 per sq.ft, indicating that Ayya Nagar Amman Street's 2024 figure is above that median.

• Ayya Nagar Adhisankarar Street: Rs 2,700 per sq.ft (2024)
• Ayya Nagar: 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 Amman 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 duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayya Nagar Amman Street?

The Sub Registrar Office that covers Ayya Nagar Amman 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 information.

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

The guideline value is a crucial factor when registering property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that transactions are conducted at a fair price.

When you buy or sell property, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that all parties involved are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

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

The current guideline value of Ayya Nagar Amman 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 from Rs 250 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 980% over the years.

What are the registration fees associated with buying property in Ayya Nagar Amman Street?

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

Which office handles property registrations for Ayya Nagar Amman Street?

The Selaiyur Sub Registrar Office handles property registrations for Ayya Nagar Amman Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What is the median guideline value in Chembakkam?

The median guideline value in Chembakkam is Rs 2,200 per sq.ft, with Ayya Nagar Amman Street's 2024 figure of Rs 2,700 per sq.ft being above this median.