Guideline Value for Ayyanar Nagar

Ayyanar Nagar guideline value

The current guideline value of Ayyanar Nagar in Tambaram village, under the Tambaram Joint 1 SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Ayyanar Nagar has changed

The guideline value for Ayyanar Nagar has undergone several revisions over the years. Starting from Rs 120 per sq.ft in 2002, it increased to Rs 200 per sq.ft in 2003, marking a 67% rise. The value then saw a significant increase to Rs 730 per sq.ft in 2007, which was a 265% jump. In 2012, the guideline value was recorded at Rs 3,000 per sq.ft, reflecting a decrease of 33% from the previous revision. The next revision in 2017 brought the value up to Rs 2,010 per sq.ft, which was a 49% increase. In 2023, the guideline value rose again to Rs 3,000 per sq.ft, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,650%. There are no revisions with figures missing for Ayyanar Nagar in the register.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value for Ayyanar Nagar.

• Ayyasamy Street: Rs 6,600 per sq.ft (2024)
• Bagavath Sing Street: Rs 3,300 per sq.ft (2024)
• Asthalakshmi Nagar: Rs 2,200 per sq.ft (2024)
• Bajanai Koil Street ( Kannadapalayam ): Rs 1,320 per sq.ft (2024)
• Bajanai Koil Street ( Near Gandhi road Ward-1 ): Rs 2,200 per sq.ft (2024)
• Bajanai Koil Street (Near mudichur road ward-31): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyanar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value is Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Ayyanar Nagar?

The Sub Registrar Office that covers Ayyanar Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Tambaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value must be considered, as it influences the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ayyanar Nagar?

The current guideline value of Ayyanar Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 2,650% over the years.

What is the classification of land in Ayyanar Nagar?

Ayyanar Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Ayyanar Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Ayyanar Nagar located?

The Sub Registrar Office covering Ayyanar Nagar is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.