Guideline Value for Ayyappan Street (Ramapuram)

Ayyappan Street (Ramapuram) guideline value

The current guideline value of Ayyappan Street (Ramapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ayyappan Street (Ramapuram) has changed

The guideline value of Ayyappan Street (Ramapuram) has seen several revisions over the years. In the 2012 revision, the value was set at Rs 3,300 per sq.ft. This was followed by a decrease in the 2017 revision to Rs 2,211 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased significantly to Rs 3,300 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 has further increased the value to Rs 3,600 per sq.ft, which is a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Ayyappan Street (Ramapuram). Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value for these streets is Rs 3,600 per sq.ft, which matches the current guideline value of Ayyappan Street (Ramapuram).

• Ayappakkam Road: Rs 2,800 per sq.ft (2024)
• Athipattu Road: Rs 3,600 per sq.ft (2024)
• Athipattu Kalaivanar Nagr (TNSCB): Rs 3,400 per sq.ft (2024)
• Athaiaman Street: Rs 1,600 per sq.ft (2024)
• Bajanai Koil 1st & 2nd Street (kalyanapuram): Rs 2,200 per sq.ft (2024)
• Asian garden: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappan Street (Ramapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyappan Street (Ramapuram)?

The Sub Registrar Office that covers Ayyappan Street (Ramapuram) is 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are recorded fairly and transparently.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees payable at the time of registration. This helps in maintaining a standardized approach to property transactions within the region.

Frequently asked questions

What is the current guideline value of Ayyappan Street (Ramapuram)?

The current guideline value of Ayyappan Street (Ramapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, which is a 9% increase. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012, showing fluctuations in value over the years.

Which Sub Registrar Office covers Ayyappan Street (Ramapuram)?

Ayyappan Street (Ramapuram) is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Ayyappan Street (Ramapuram)?

The land classification for Ayyappan Street (Ramapuram) is Residential Class I Type - I, indicating its suitability for residential development.

How is the stamp duty calculated for properties in Ayyappan Street (Ramapuram)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 at a rate of 7%.