Guideline Value for Ayya Thandavaraya Chetty Street

Ayya Thandavaraya Chetty Street guideline value

The current guideline value of Ayya Thandavaraya Chetty Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Ayya Thandavaraya Chetty Street has changed

The guideline value for Ayya Thandavaraya Chetty Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 147 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a significant increase of 444%. However, it then decreased to Rs 536 per sq.ft in 2017, reflecting a drop of 33%. From 2017 to 2023, the value surged to Rs 1,500 per sq.ft, showing a remarkable increase of 180%. The current value remains unchanged from the 2023 revision.

There are no recorded figures for this street in the revisions from 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 920%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value is Rs 800 per sq.ft, placing Ayya Thandavaraya Chetty Street's 2024 figure above this median.

• Ayya Dhurai Nayudu Street: Rs 1,200 per sq.ft (2024)
• Astalakshmi Homes: Rs 1,000 per sq.ft (2024)
• Asaiya Nagar: Rs 905 per sq.ft (2024)
• Arunachalapillai Chathiram Kalani: Rs 700 per sq.ft (2024)
• Arunachalapillai Chathiram: Rs 401 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ayya Thandavaraya Chetty Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost to Rs 1,35,000. 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 details.

Which Sub Registrar Office covers Ayya Thandavaraya Chetty Street?

The Ayya Thandavaraya Chetty Street is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When a property transaction occurs, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ayya Thandavaraya Chetty Street?

The current guideline value of Ayya Thandavaraya Chetty Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 147 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 920% over the years.

What is the land classification of Ayya Thandavaraya Chetty Street?

Ayya Thandavaraya Chetty Street is classified as Commercial Class I Type - I.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot, the total guideline value is Rs 15,00,000. The stamp duty at 7% is Rs 1,05,000, and the registration fee at 2% is Rs 30,000, totaling Rs 1,35,000.

Which office handles registrations for this street?

The Uthiramerur Sub Registrar Office handles registrations for Ayya Thandavaraya Chetty Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.