Guideline Value for Ayyalu Street

Ayyalu Street guideline value

The current guideline value of Ayyalu Street in Peravallur village is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the Sembiam Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Ayyalu Street has changed

The guideline value of Ayyalu Street has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 257%. However, it then dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2023 set the value at Rs 2,500 per sq.ft, followed by an increase to Rs 2,700 per sq.ft in 2024, reflecting an 8% rise.

Overall, from 2007 to 2024, the guideline value has increased by 286%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. Ayyalu Street's 2024 figure is below this median.

• Badham Street: Rs 2,700 per sq.ft (2024)
• Bajanai Koil 1st Street: Rs 2,700 per sq.ft (2024)
• Balaji Nagar Main Road: Rs 3,301 per sq.ft (2024)
• Balaraman Street: Rs 2,700 per sq.ft (2024)
• Balaram Reddy Colony: Rs 2,700 per sq.ft (2024)
• Balaram Reddy Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyalu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyalu Street?

Ayyalu Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is crucial during the registration process of property transactions in Peravallur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers are required to pay these fees based on the higher of the guideline value or the actual sale price, which helps in maintaining uniformity in property transactions.

Frequently asked questions

What is the current guideline value of Ayyalu Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 286% over the period.

What is the registration office for Ayyalu Street?

Ayyalu Street falls under the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Ayyalu Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,700 per sq.ft would incur a stamp duty of Rs 1,89,000.

What are the other streets in Peravallur with similar guideline values?

Other streets in Peravallur with similar guideline values include Badham Street, Bajanai Koil 1st Street, Balaraman Street, and several others, all valued at Rs 2,700 per sq.ft in 2024.