Guideline Value for Ayyappa Nagar 3rd Street

Ayyappa Nagar 3rd Street guideline value

The current guideline value of Ayyappa Nagar 3rd Street is Rs 4,900 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 II Type - II.

How the guideline value of Ayyappa Nagar 3rd Street has changed

The guideline value for Ayyappa Nagar 3rd Street has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in 2017. The value then rose to Rs 4,500 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 4,900 per sq.ft. The changes between these revisions are as follows: from 2007 to 2012, there was an increase of 167%, followed by a decrease of 25% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024.

It is important to note that the register has no figures for Ayyappa Nagar 3rd Street for the years 2002 and 2003.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Ayyappa Nagar 3rd Street's 2024 value above this median.

• Ayyappa Nagar 3rd Main Road: Rs 4,400 per sq.ft (2024)
• Ayyappa Nagar 4th Street: Rs 4,900 per sq.ft (2024)
• Ayyappa Nagar 2nd Street: Rs 4,900 per sq.ft (2024)
• Ayyappa Nagar 5th Street: Rs 4,900 per sq.ft (2024)
• Ayyappa Nagar, 2nd Main Road: Rs 4,400 per sq.ft (2024)
• Ayyappa Nagar 6th Street: Rs 4,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees together to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ayyappa Nagar 3rd Street?

The Ayyappa Nagar 3rd Street falls under the jurisdiction of 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 details.

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

The guideline value is a crucial factor in property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. It is essential to consider the guideline value when calculating the total costs involved in the transaction, including applicable duties and fees.

Frequently asked questions

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

The current guideline value of Ayyappa Nagar 3rd Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,500 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting various increases and decreases over the years.

What is the land classification of Ayyappa Nagar 3rd Street?

Ayyappa Nagar 3rd Street is classified as Residential Class II Type - II.

What is the median guideline value for streets in Koyakbedu?

The median guideline value for streets in Koyakbedu is Rs 4,400 per sq.ft, with Ayyappa Nagar 3rd Street's value being above this median.

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.