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Guideline Value

Corporate

Guideline Value for Ayyappa Nagar Lake View Street

₹2200/sq.ft.

The guideline value for Ayyappa Nagar Lake View Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ayyappa Nagar Lake View Street

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Ayyappa Nagar Lake View Street guideline value

The current guideline value of Ayyappa Nagar Lake View Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class II Type - I.

How the guideline value of Ayyappa Nagar Lake View Street has changed

The guideline value for Ayyappa Nagar Lake View Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 has raised it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2023 represents a significant rise of 49%.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values for 2024 ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, placing Ayyappa Nagar Lake View Street's 2024 value below the median.

Stamp duty and registration fee for property in Ayyappa Nagar Lake View Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 further assistance.

Which Sub Registrar Office covers Ayyappa Nagar Lake View Street?

The Ayyappa Nagar Lake View Street falls under the jurisdiction of the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of a property.

When registering a property, the guideline value serves as a benchmark, ensuring that the transaction is recorded at a fair value, which is essential for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of Ayyappa Nagar Lake View Street?

The current guideline value of Ayyappa Nagar Lake View Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over this period.

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

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

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

The Velacheri Sub Registrar Office covers Ayyappa Nagar Lake View Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the other streets with the same guideline value in Madipakkam-1?

Other streets in Madipakkam-1 with the same guideline value of Rs 2,200 per sq.ft include Ayyappa Nagar/Lake View Road, Ayyappa Nagar Lake View Street 14th Street, Ayyappa Nagar Lake View 4th Street, Ayyappa Nagar/Lake View 14th Street, Ayyappa Nagar Extn Sannathi Street, and Ayyappa Nagar Extn Lake View Street 13th Street.