Guideline Value for Ayyappa Nagar

Ayyappa Nagar guideline value

The current guideline value of Ayyappa Nagar in Puthagaram village under the Ambattur SRO is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Ayyappa Nagar has changed

The guideline value for Ayyappa Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was later decreased to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,900 per sq.ft after the 2024 revision, marking a 6% increase from the previous year.

From 2012 to 2017, there was a significant decrease of 33%, but from 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value is Rs 1,900 per sq.ft, which is the same as the current value for Ayyappa Nagar.

• Ayyappan Nagar Annex: Rs 1,900 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,600 per sq.ft (2024)
• Ashok Avenue: Rs 2,200 per sq.ft (2024)
• Balaji Nagar: Rs 1,200 per sq.ft (2024)
• Arow New City: Rs 3,500 per sq.ft (2024)
• Balavinayagar Kovil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. 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 details.

Which Sub Registrar Office covers Ayyappa Nagar?

The Ayyappa Nagar area 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 Puthagaram

The guideline value plays a crucial role when buying or selling property in Puthagaram. It is used to calculate the stamp duty and registration fees, which are mandatory during the property registration process. Buyers must be aware that the guideline value is often considered the minimum value for taxation purposes.

During the registration of property, the guideline value ensures that the transaction is recorded at a fair value as determined by the government. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected based on the established guideline values.

Frequently asked questions

What is the current guideline value of Ayyappa Nagar?

The current guideline value of Ayyappa Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and is currently Rs 1,900 per sq.ft in 2024.

What is the land classification of Ayyappa Nagar?

Ayyappa Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees by using the stamp duty and registration fee calculator.

Which office handles registrations for Ayyappa Nagar?

The Ambattur Sub Registrar Office handles registrations for Ayyappa Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai.