Guideline Value for Ayyappa Nagar All Main Roads

Ayyappa Nagar All Main Roads guideline value

The current guideline value of Ayyappa Nagar All Main Roads is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ayyappa Nagar All Main Roads has changed

The guideline value for Ayyappa Nagar All Main Roads has undergone several revisions over the years. The earliest recorded value in 2002 was Rs 201 per sq.ft, which increased to Rs 228 per sq.ft in 2003, marking a 13% rise. The value saw significant growth to Rs 360 per sq.ft in 2007, which was a 58% increase, and further surged to Rs 1,206 per sq.ft in 2017, representing a remarkable 235% rise. The register has no figure for this street in 2012.

In the subsequent revisions, the guideline value reached Rs 1,800 per sq.ft in 2023, reflecting a 49% increase from the 2017 figure. The latest revision in 2024 set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 885%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in the village is Rs 2,090 per sq.ft, placing Ayyappa Nagar All Main Roads below this median value.

• Ayyappa Nagar (All Streets): Rs 1,870 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 Main Roads

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total cost of Rs 1,78,200. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ayyappa Nagar All Main Roads?

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

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

The guideline value is a crucial factor during property transactions in Pammal. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value serves as a benchmark to ensure that the transaction is registered at a value that reflects the market conditions.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, contributing to local development and infrastructure.

Frequently asked questions

What is the current guideline value of Ayyappa Nagar All Main Roads?

The current guideline value of Ayyappa Nagar All Main Roads is Rs 1,980 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 201 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 885% over the years.

What are the other streets in Pammal with their guideline values?

Other streets in Pammal include Ayyappa Nagar (All Streets) at Rs 1,870 per sq.ft, Babu Street / Near Pammal Main Road at Rs 1,870 per sq.ft, and Baharathiyar Street / Hindustan Lever Colony at Rs 2,530 per sq.ft, among others.

Where can I find the Sub Registrar Office for Ayyappa Nagar All Main Roads?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Ayyappa Nagar?

Stamp duty for properties in Ayyappa Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.