Guideline Value for Ayyappa Nagar 3rd Main Road

Ayyappa Nagar 3rd Main Road guideline value

The current guideline value of Ayyappa Nagar 3rd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ayyappa Nagar 3rd Main Road has changed

The guideline value for Ayyappa Nagar 3rd Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which decreased to Rs 2,680 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 4,000 per sq.ft. The most recent 2024 revision has further increased the value to Rs 4,400 per sq.ft, reflecting a 10% rise from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, which aligns with the current guideline value of Ayyappa Nagar 3rd Main Road.

• Ayyappa Nagar 2nd Street: Rs 4,900 per sq.ft (2024)
• Ayyappa Nagar 3rd Street: Rs 4,900 per sq.ft (2024)
• Ayyappa Nagar, 2nd Main Road: Rs 4,400 per sq.ft (2024)
• Ayyappa Nagar 4th Street: Rs 4,900 per sq.ft (2024)
• Ayyappa Nagar, 1st Main Road: Rs 4,400 per sq.ft (2024)
• Ayyappa Nagar 5th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappa Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total costs to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ayyappa Nagar 3rd Main Road?

The Ayyappa Nagar 3rd Main Road is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buyers and sellers engage in a transaction, the guideline value helps ensure that the property is accurately assessed for tax purposes. This value is used to calculate the applicable fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Ayyappa Nagar 3rd Main Road?

The current guideline value of Ayyappa Nagar 3rd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Ayyappa Nagar 3rd Main Road?

Ayyappa Nagar 3rd Main Road is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value or sale price.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.