Guideline Value for Ayyappa Nagar (All Streets)

Ayyappa Nagar (All Streets) guideline value

The current guideline value of Ayyappa Nagar (All Streets) is Rs 1,870 per sq.ft, effective from 1 July 2024. This area is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class III Type - I.

How the guideline value of Ayyappa Nagar (All Streets) has changed

The guideline value for Ayyappa Nagar (All Streets) has seen significant changes over the years. In 2002, the guideline value was Rs 201 per sq.ft, which increased to Rs 228 per sq.ft in 2003, marking a 13% rise. The value continued to rise to Rs 550 per sq.ft in 2007, reflecting a 141% increase. By 2017, the guideline value reached Rs 1,139 per sq.ft, a substantial 107% increase from the previous revision. The 2023 revision saw the value increase to Rs 1,700 per sq.ft, which was a 49% increase. Finally, the 2024 revision set the current guideline value at Rs 1,870 per sq.ft, a 10% increase from 2023.

It is important to note that the register has no figure for Ayyappa Nagar (All Streets) for the year 2012. Overall, from 2002 to 2024, the guideline value has increased by 830%.

Guideline values in Pammal

In Pammal village, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, indicating that Ayyappa Nagar (All Streets) is below this median.

• Ayyappa Nagar All Main Roads: Rs 1,980 per sq.ft (2024)
• Babu Street / Near Pammal Main Road: Rs 1,870 per sq.ft (2024)
• Babu Street, Sambandhanar Nagar: Rs 1,980 per sq.ft (2024)
• Baharathiyar Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Baharathiyar Street / Near Pammal Main Road: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street /Ponni Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappa Nagar (All Streets)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, totaling Rs 1,68,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ayyappa Nagar (All Streets)?

The Sub Registrar Office that covers Ayyappa Nagar (All Streets) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pammal. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The higher of the guideline value and the sale price is used to calculate these fees, ensuring that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value can influence the selling price, as it provides a benchmark for both buyers and sellers. Buyers often refer to the guideline value to assess the fair price for properties in the area, while sellers may use it to set competitive prices that align with market expectations.

Frequently asked questions

What is the current guideline value of Ayyappa Nagar (All Streets)?

The current guideline value of Ayyappa Nagar (All Streets) is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 201 per sq.ft in 2002 to Rs 1,870 per sq.ft in 2024, reflecting an overall increase of 830% over this period.

What is the land classification of Ayyappa Nagar (All Streets)?

Ayyappa Nagar (All Streets) is classified as Residential Class III Type - I.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ayyappa Nagar (All Streets)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 at a rate of 7%.