Guideline Value for Ayyappan Street (Devi Nagar)

Ayyappan Street (Devi Nagar) guideline value

The current guideline value of Ayyappan Street (Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ayyappan Street (Devi Nagar) has changed

The guideline value of Ayyappan Street (Devi Nagar) has seen significant changes over the years. In 2002, the guideline value was Rs 248 per sq.ft, which increased to Rs 300 per sq.ft in 2003, marking a 21% rise. Following this, the value rose to Rs 400 per sq.ft in 2007, reflecting a 33% increase. The subsequent revision in 2012 brought the value to Rs 2,200 per sq.ft, a substantial increase of 450%. However, this was followed by a decrease to Rs 1,474 per sq.ft in 2017, which represented a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 2,400 per sq.ft, showing an increase of 63% from the 2017 figure.

It is important to note that there is no guideline value figure available for Ayyappan Street (Devi Nagar) for the year 2023. Overall, from 2002 to 2024, the guideline value has increased by an impressive 868%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, which is equal to the guideline value of Ayyappan Street (Devi Nagar).

• Athi Sankarar Street (Sri Nagar Colony): Rs 2,700 per sq.ft (2024)
• Athechoodi Street: Rs 1,900 per sq.ft (2024)
• Aswini Nagar: Rs 1,100 per sq.ft (2024)
• Asian Nagar (Old Vijaya Nagar)(Asini nagar): Rs 2,400 per sq.ft (2024)
• Asath Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Balaji Nagar: Rs 3,801 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty, charged at 7%, would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ayyappan Street (Devi Nagar)?

The Sub Registrar Office that covers Ayyappan Street (Devi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Thirumullaivoyal. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it serves as a benchmark for the transaction price. Buyers and sellers should ensure that the sale price is at least equal to or greater than the guideline value to avoid any legal complications during registration.

Frequently asked questions

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

The current guideline value of Ayyappan Street (Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 248 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, an overall increase of 868%.

What is the land classification for Ayyappan Street (Devi Nagar)?

Ayyappan Street (Devi Nagar) is classified as Residential Class I Type - I.

Which Sub Registrar Office covers Ayyappan Street (Devi Nagar)?

The Ambattur Sub Registrar Office covers Ayyappan Street (Devi Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

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

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000.