Guideline Value for Ayyappa Nagar Anex

Ayyappa Nagar Anex guideline value

The current guideline value of Ayyappa Nagar Anex, located in Ayappakkam village, is Rs 1,700 per sq.ft. This value is effective from the 2024 revision, which falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Ayyappa Nagar Anex has changed

The guideline value for Ayyappa Nagar Anex has seen several revisions over the years. In 2003, the guideline value was Rs 120 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2007. The value then rose dramatically by 300% to Rs 1,600 per sq.ft in 2012. However, it decreased by 33% to Rs 1,072 per sq.ft in 2017.

From 2017 to 2023, the guideline value increased by 49% to Rs 1,600 per sq.ft. The most recent revision in 2024 has further raised the guideline value to Rs 1,700 per sq.ft, marking a 6% increase from the previous year. The register has no figure for the year 2002 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Ayyappa Nagar Anex is above this median.

• Ayyappa Nagar: Rs 1,700 per sq.ft (2024)
• Ayyapakkam Main Road: Rs 1,300 per sq.ft (2024)
• Asiriyar Street: Rs 880 per sq.ft (2024)
• Balaji Nagar: Rs 1,100 per sq.ft (2024)
• Arul Migu Magalikshmi Avenue: Rs 1,300 per sq.ft (2024)
• Arputham City: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappa Nagar Anex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ayyappa Nagar Anex?

The Ayyappa Nagar Anex falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical component in property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for calculating the necessary fees. It is essential for both parties to agree on a sale price that meets or exceeds the guideline value to avoid any legal complications.

Frequently asked questions

What is the current guideline value of Ayyappa Nagar Anex?

The current guideline value of Ayyappa Nagar Anex is Rs 1,700 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 120 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, showing a significant overall increase of 1317% over the years.

What are the stamp duty rates for property in Ayyappa Nagar Anex?

The stamp duty rate for property transactions in Ayyappa Nagar Anex is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Ayyappa Nagar Anex?

The land classification for Ayyappa Nagar Anex is Residential Special Type - II, indicating its suitability for residential development.