Guideline Value for Ayya sami Pillai street

Ayya sami Pillai street guideline value

The current guideline value of Ayya Sami Pillai street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO, classified as Residential Class II Type - I.

How the guideline value of Ayya sami Pillai street has changed

Over the years, the guideline value of Ayya Sami Pillai street has seen significant changes. In 2002, the guideline value was Rs 1,375 per sq.ft. This increased to Rs 1,516 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 2,000 per sq.ft in 2007, reflecting a 32% increase. Following this, the 2012 revision set the value at Rs 6,500 per sq.ft, a substantial increase of 225%. However, it decreased to Rs 4,355 per sq.ft in 2017, a decline of 33%. The value then increased again to Rs 6,500 per sq.ft in 2023, before reaching the current figure of Rs 7,100 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 416%. The register does not have figures for the years not mentioned in the provided data.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, which is equal to the current guideline value of Ayya Sami Pillai street.

• Ayya Sami Pillai Lane: Rs 7,100 per sq.ft (2024)
• Ayya Pillai 2nd street: Rs 7,100 per sq.ft (2024)
• Ayya Pillai 1st street: Rs 7,100 per sq.ft (2024)
• Ayya Mudali street: Rs 7,100 per sq.ft (2024)
• Avvaipuram: Rs 3,400 per sq.ft (2024)
• Audiappa Gramani Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ayya sami Pillai street

For a 1,000 sq.ft plot at the current rate of Rs 7,100 per sq.ft, the guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, making the total Rs 6,39,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ayya sami Pillai street?

The Ayya Sami Pillai street is covered by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ayya sami Pillai street?

The current guideline value of Ayya Sami Pillai street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,375 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 416% over the years.

What is the land classification for Ayya sami Pillai street?

Ayya Sami Pillai street is classified as Residential Class II Type - I.

Where can I find the registration office for Ayya sami Pillai street?

The registration office for Ayya Sami Pillai street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Egmore?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 71,00,000, the stamp duty would be calculated accordingly.