Guideline Value for Ayyapakkam Main Road

Ayyapakkam Main Road guideline value

The current guideline value of Ayyapakkam Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This property is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Ayyapakkam Main Road has changed

The guideline value for Ayyapakkam Main Road has undergone several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value decreased to Rs 804 per sq.ft, a drop of 33%. The value then increased to Rs 1,200 per sq.ft in 2023, and finally, the current revision in 2024 has set it at Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 225% in the guideline value for Ayyapakkam Main Road.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, which is equal to the current guideline value of Ayyapakkam Main Road.

• Ayyappa Nagar: Rs 1,700 per sq.ft (2024)
• Ayyappa Nagar Anex: Rs 1,700 per sq.ft (2024)
• Asiriyar Street: Rs 880 per sq.ft (2024)
• Balaji Nagar: Rs 1,100 per sq.ft (2024)
• Arul Migu Magalikshmi Avenue: Rs 1,300 per sq.ft (2024)
• Arputham City: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyapakkam Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyapakkam Main Road?

The Ayyapakkam Main Road is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions as it determines the stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring that all transactions comply with the local regulations.

When purchasing property, the guideline value serves as a benchmark, and it is essential for both parties to agree on a sale price that reflects or exceeds this value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Ayyapakkam Main Road?

The current guideline value of Ayyapakkam Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 225% over the years.

What is the stamp duty rate for properties in Ayyapakkam?

The stamp duty rate for properties in Ayyapakkam is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the other streets in Ayappakkam with their guideline values?

Other streets in Ayappakkam include Ayyappa Nagar and Ayyappa Nagar Anex, both at Rs 1,700 per sq.ft, Asiriyar Street at Rs 880 per sq.ft, Balaji Nagar at Rs 1,100 per sq.ft, and Arul Migu Magalikshmi Avenue at Rs 1,300 per sq.ft.