Guideline Value for Ayyappan Sannathi Street Block 37

Ayyappan Sannathi Street Block 37 guideline value

The current guideline value of Ayyappan Sannathi Street Block 37 is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO and falls under Residential Class III Type - II land classification.

How the guideline value of Ayyappan Sannathi Street Block 37 has changed

The guideline value for Ayyappan Sannathi Street Block 37 has seen several revisions over the years. In 2007, the guideline value was Rs 1,210 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 272%. However, from 2012 to 2017, there was a decrease to Rs 3,015 per sq.ft, a drop of 33%. The value then increased substantially to Rs 4,500 per sq.ft in 2023, reflecting a 49% increase. The current guideline value as of 2024 is Rs 4,900 per sq.ft, which represents a 9% increase from the previous year.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 305%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, which matches the guideline value of Ayyappan Sannathi Street Block 37.

• Ayyappan Street Block 37: Rs 4,900 per sq.ft (2024)
• Ayyavupuram Kambar Street: Rs 3,300 per sq.ft (2024)
• Ayyavu Street: Rs 3,300 per sq.ft (2024)
• Azhagar Perumal 1st Lane: Rs 4,900 per sq.ft (2024)
• Azhagar Perumal 2nd Lane: Rs 4,900 per sq.ft (2024)
• Azhagar Perumal Koil 2nd Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappan Sannathi Street Block 37

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the guideline value would be Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. 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 more details.

Which Sub Registrar Office covers Ayyappan Sannathi Street Block 37?

The Ayyappan Sannathi Street Block 37 falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Kodambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official value of the property. It is essential to be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ayyappan Sannathi Street Block 37?

The current guideline value of Ayyappan Sannathi Street Block 37 is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 305%.

What is the stamp duty for properties in Ayyappan Sannathi Street Block 37?

The stamp duty for properties in Ayyappan Sannathi Street Block 37 is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ayyappan Sannathi Street Block 37?

The Sub Registrar Office covering Ayyappan Sannathi Street Block 37 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value determined for properties in Kodambakkam?

The guideline value for properties in Kodambakkam is determined by the Registration Department and is based on various factors, including location and land classification.