Guideline Value for Ayyappan Nagar Annex

Ayyappan Nagar Annex guideline value

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

How the guideline value of Ayyappan Nagar Annex has changed

The guideline value for Ayyappan Nagar Annex has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was followed by a decrease to Rs 1,206 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent revision in 2024 has set it at Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. The register does not have 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 the 2024 guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value in this area is Rs 1,900 per sq.ft, which is the same as the current value for Ayyappan Nagar Annex.

• Ayyappa Nagar: 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 Ayyappan Nagar Annex

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. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyappan Nagar Annex?

The Ayyappan Nagar Annex falls under 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 is a critical factor in determining the stamp duty and registration fees when buying or selling property in Puthagaram. It serves as a benchmark for the valuation of property transactions, ensuring that the fees are calculated based on a standardized value.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Ayyappan Nagar Annex?

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

How often does the guideline value change?

The guideline value is revised periodically, with the most recent revision occurring in 2024. Previous revisions took place in 2012, 2017, and 2023.

What is the land classification for Ayyappan Nagar Annex?

Ayyappan Nagar Annex is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Ayyappan Nagar Annex?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 19,00,000 would incur a stamp duty of Rs 1,33,000 at a rate of 7%.