Guideline Value for Ayya Nagar

Ayya Nagar guideline value

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

How the guideline value of Ayya Nagar has changed

The guideline value for Ayya Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 450 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a substantial rise of 456%. However, between 2012 and 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then increased again to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,700 per sq.ft in the 2024 revision, reflecting an 8% increase.

In summary, from 2007 to 2024, the guideline value has increased by 500%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are a total of 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for the area is Rs 2,200 per sq.ft, placing Ayya Nagar's 2024 figure above this median.

• Ayya Nagar Adhisankarar Street: 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

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 is charged at 7%, totaling Rs 1,89,000, and the registration fee is 2%, amounting to Rs 54,000. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. It is important to note that 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 precise calculations based on your property details.

Which Sub Registrar Office covers Ayya Nagar?

The Sub Registrar Office that covers Ayya Nagar is 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 more information.

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

The guideline value is a crucial factor in property transactions in Chembakkam. It serves as the basis for calculating the stamp duty and registration fees when a property is bought or sold. Buyers should be aware that these fees are calculated on the higher of the guideline value or the actual sale price.

When selling a property, it is important to understand that the guideline value may influence the selling price. Sellers should ensure that the property is priced appropriately in relation to the guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Ayya Nagar?

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

How has the guideline value of Ayya Nagar changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 500% over the years.

What is the land classification for Ayya Nagar?

Ayya Nagar falls under the Residential Class I Type - III land classification.

Where is the Sub Registrar Office for Ayya Nagar located?

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 the stamp duty calculated for property in Ayya Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000.