Guideline Value for Ayyappa Nagar Ist Street

Ayyappa Nagar Ist Street guideline value

The current guideline value of Ayyappa Nagar Ist 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 Ist Street has changed

The guideline value for Ayyappa Nagar Ist Street has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% rise. However, this value decreased to Rs 3,015 per sq.ft in 2017, a reduction of 33%. The value then saw a substantial increase to Rs 4,500 per sq.ft in 2023, followed by the current value of Rs 4,900 per sq.ft in 2024, reflecting a 9% increase.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 227%.

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 Ist Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Ayyappa Nagar Ist 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, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyappa Nagar Ist Street?

The Ayyappa Nagar Ist 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 an essential factor in property transactions in Koyakbedu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ayyappa Nagar Ist Street?

The current guideline value of Ayyappa Nagar Ist 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, reflecting an overall increase of 227% from 2007 to 2024.

What are the other streets in Koyakbedu with the same guideline value?

Other streets in Koyakbedu, such as Ayyappa Nagar 2nd, 3rd, 4th, 5th, and 6th Streets, also have a guideline value of Rs 4,900 per sq.ft in 2024.

What is the stamp duty rate for properties in Ayyappa Nagar Ist Street?

The stamp duty rate for properties in Ayyappa Nagar Ist Street is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Ayyappa Nagar Ist Street is the AnnaNagar SRO, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.