Guideline Value for Ayyappa Nagar 4th Street

Ayyappa Nagar 4th Street guideline value

The current guideline value of Ayyappa Nagar 4th 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 4th Street has changed

The guideline value for Ayyappa Nagar 4th Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,500 per sq.ft. This increased dramatically to Rs 4,500 per sq.ft in the 2012 revision, marking a 200% rise. However, in the 2017 revision, the value dropped to Rs 3,015 per sq.ft, a decrease of 33%. The value then rose to Rs 4,500 per sq.ft in the 2023 revision, followed by the current value of Rs 4,900 per sq.ft in the 2024 revision, which represents a 9% increase from the previous year. The register has no figure for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 227%. The changes between the revisions highlight the fluctuations in the guideline value, with significant increases and decreases observed in different periods.

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 in this area is Rs 4,400 per sq.ft, placing Ayyappa Nagar 4th Street's current value above that median.

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

Stamp duty and registration fee for property in Ayyappa Nagar 4th Street

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

Which Sub Registrar Office covers Ayyappa Nagar 4th Street?

The Ayyappa Nagar 4th 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the registration department.

When a property is sold, the guideline value helps in establishing the minimum value at which the property can be registered, providing transparency and consistency in property transactions. Buyers and sellers should be aware of these values to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Ayyappa Nagar 4th Street?

The current guideline value of Ayyappa Nagar 4th 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 from Rs 1,500 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 227% over the years.

What is the land classification for Ayyappa Nagar 4th Street?

Ayyappa Nagar 4th Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Where can I find the Sub Registrar Office for Ayyappa Nagar 4th Street?

The Sub Registrar Office covering Ayyappa Nagar 4th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.