Guideline Value for Ayyappa Thirumadam Road

Ayyappa Thirumadam Road guideline value

The current guideline value of Ayyappa Thirumadam Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This road is located in Thiruverkadu village and falls under the Kunrathur SRO with a land classification of Residential Class I Type - I.

How the guideline value of Ayyappa Thirumadam Road has changed

The guideline value for Ayyappa Thirumadam Road has undergone several revisions over the years. The earliest recorded figure is from 2012 at Rs 1,400 per sq.ft. This value remained the same in the next revision in 2017, but it dropped to Rs 938 per sq.ft. The subsequent revision in 2023 saw a significant increase to Rs 1,400 per sq.ft, followed by the current value of Rs 1,540 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are a total of 178 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is the same as the current value for Ayyappa Thirumadam Road.

• Atrangarai Main Road: Rs 1,760 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,540 per sq.ft (2024)
• Balaji Govinda Nagar: Rs 1,540 per sq.ft (2024)
• Balambika Nagar: Rs 1,540 per sq.ft (2024)
• Baniathamman Koil Street Slab Road: Rs 1,540 per sq.ft (2024)
• Barathi Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappa Thirumadam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. 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 details.

Which Sub Registrar Office covers Ayyappa Thirumadam Road?

The Ayyappa Thirumadam Road is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Thiruverkadu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties agree on a fair price for the transaction. It serves as a benchmark for property valuation, ensuring transparency in the registration process.

Frequently asked questions

What is the current guideline value of Ayyappa Thirumadam Road?

The current guideline value of Ayyappa Thirumadam Road is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, marking a 10% increase. The value was Rs 938 per sq.ft in 2017 and Rs 1,400 per sq.ft in 2012.

What is the registration fee for properties in Ayyappa Thirumadam Road?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 15,40,000, the registration fee would be Rs 30,800.

Which office handles property registrations in Kunrathur?

The Kunrathur Sub Registrar Office handles property registrations in Kunrathur, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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 our stamp duty and registration fee calculator.