Guideline Value for Ayya Street

Ayya Street guideline value

The current guideline value of Ayya Street in Mudichur village, under the Padappai SRO, is Rs 3,630 per sq.ft, effective from 1 July 2024. This street falls under the Commercial Class I Type - I land classification.

How the guideline value of Ayya Street has changed

The guideline value for Ayya Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,300 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, in 2017, the value dropped to Rs 2,211 per sq.ft, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 3,300 per sq.ft, and the most recent 2024 revision has further raised it to Rs 3,630 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for Ayya Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mudichur

Mudichur village has a total of 135 streets under the Padappai SRO with the 2024 guideline values ranging from Rs 880 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, positioning Ayya Street's 2024 figure above this median.

• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Arumuga Nayinar Colony: Rs 2,200 per sq.ft (2024)
• Arasan Avenue: Rs 2,750 per sq.ft (2024)
• Appavu Street: Rs 1,210 per sq.ft (2024)
• A.N.Vasudevan Nagar: Rs 2,440 per sq.ft (2024)
• Anna Street: Rs 3,630 per sq.ft (2024)

Stamp duty and registration fee for property in Ayya Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,630 per sq.ft, the total guideline value amounts to Rs 36,30,000. The stamp duty, charged at 7%, would be Rs 2,54,100, and the registration fee, at 2%, would be Rs 72,600. Together, the total cost for these fees would be Rs 3,26,700. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayya Street?

The Sub Registrar Office that covers Ayya Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Mudichur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ayya Street?

The current guideline value of Ayya Street is Rs 3,630 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then back to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,630 per sq.ft in 2024.

What is the land classification for Ayya Street?

Ayya Street is classified as Commercial Class I Type - I, which influences its guideline value and potential uses.

How does the guideline value compare to other streets in Mudichur?

The guideline value for Ayya Street is higher than the median value of Rs 2,200 per sq.ft for other streets in Mudichur, indicating its relative position in the area.

Where is the Sub Registrar Office for Ayya Street located?

The Padappai Sub Registrar Office, which covers Ayya Street, is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.