Guideline Value for Ayya Nagar SaiBaba Street

Ayya Nagar SaiBaba Street guideline value

The current guideline value of Ayya Nagar SaiBaba Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Ayya Nagar SaiBaba Street has changed

The guideline value for Ayya Nagar SaiBaba Street has seen significant changes over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 900%. However, by 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, followed by a further increase to Rs 2,700 per sq.ft in the 2024 revision, which represents an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 980%. The register does not have 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, with a median value of Rs 2,200 per sq.ft. Ayya Nagar SaiBaba Street's 2024 guideline value is above this median.

• Ayya Nagar Amman Street: Rs 2,700 per sq.ft (2024)
• Ayya Nagar Adhisankarar Street: Rs 2,700 per sq.ft (2024)
• Ayya Nagar: 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 SaiBaba 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 cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information on calculating these costs.

Which Sub Registrar Office covers Ayya Nagar SaiBaba Street?

The Ayya Nagar SaiBaba Street comes under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed and documented.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 250 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, which is an overall increase of 980%.

What is the land classification for Ayya Nagar SaiBaba Street?

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

Where can I find the Selaiyur Sub Registrar Office?

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

How is stamp duty calculated for properties in Chembakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,700 per sq.ft, the stamp duty would be Rs 1,89,000.