Guideline Value for Ayyapillai Thotta Street

Ayyapillai Thotta Street guideline value

The current guideline value of Ayyapillai Thotta Street is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Satthankadu village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Ayyapillai Thotta Street has changed

The guideline value for Ayyapillai Thotta Street has undergone several revisions over the years. In 2007, the value was set at Rs 800 per sq.ft. This figure saw a significant increase to Rs 3,100 per sq.ft in 2012, marking a rise of 288%. However, the value dropped to Rs 2,077 per sq.ft in 2017, which was a decrease of 33%. The most recent revision in 2023 brought the value back up to Rs 3,100 per sq.ft, and the latest revision in 2024 has increased it further to Rs 3,400 per sq.ft, reflecting a 10% increase.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 325%.

Guideline values in Satthankadu

In Satthankadu village, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,400 per sq.ft, which is the same as the guideline value for Ayyapillai Thotta Street.

• Arignar Anna Nagar: Rs 3,400 per sq.ft (2024)
• Balakrishna Naidu Colony: Rs 3,400 per sq.ft (2024)
• Annammal Colony: Rs 3,400 per sq.ft (2024)
• Basin Road: Rs 2,200 per sq.ft (2024)
• Anna Colony: Rs 3,400 per sq.ft (2024)
• Ambal Street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyapillai Thotta Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total cost to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ayyapillai Thotta Street?

The Ayyapillai Thotta Street falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Satthankadu. It is used to determine the stamp duty and registration fees that must be paid during the sale of a property. Buyers and sellers should be aware of the guideline value to ensure that they comply with the legal requirements during the transaction.

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

Frequently asked questions

What is the current guideline value of Ayyapillai Thotta Street?

The current guideline value of Ayyapillai Thotta Street is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 325% over this period.

What is the land classification of Ayyapillai Thotta Street?

Ayyapillai Thotta Street is classified as Residential Special Type - III under the Thiruvottiyur SRO.

What are the stamp duty and registration fees for property in Ayyapillai Thotta Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 34,00,000, the total fees would amount to Rs 3,06,000.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.