Guideline Value for Ayyan Nagar

Ayyan Nagar guideline value

The current guideline value of Ayyan Nagar, located in Mangadu -A village under the Kunrathur SRO, is Rs 1,540 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Ayyan Nagar has changed

The guideline value for Ayyan Nagar has seen several revisions over the years. In 2017, the guideline value was Rs 938 per sq.ft. This increased to Rs 1,400 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing Ayyan Nagar's 2024 figure below that median.

• Azeesh Nagar: Rs 1,850 per sq.ft (2024)
• A.S.R.city: Rs 1,540 per sq.ft (2024)
• A.S. Nagar: Rs 1,540 per sq.ft (2024)
• Bajanai Koil Street Ragunathapuram: Rs 1,540 per sq.ft (2024)
• Bajanai Koil Street Vannier pattu: Rs 1,540 per sq.ft (2024)
• Ashok Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total cost for these fees to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ayyan Nagar?

The Ayyan Nagar area falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To locate your nearest office, you can find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the correct amount based on the property's value.

Frequently asked questions

What is the current guideline value of Ayyan Nagar?

The current guideline value of Ayyan Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the stamp duty and registration fees for Ayyan Nagar?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800, and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office handles Ayyan Nagar?

The Kunrathur Sub Registrar Office handles Ayyan Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Ayyan Nagar?

Ayyan Nagar is classified as Residential Class II Type - I, indicating its designation for residential purposes.