Guideline Value for Ayyappan Street Block 37

Ayyappan Street Block 37 guideline value

The current guideline value of Ayyappan 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 is classified as Residential Class III Type - II.

How the guideline value of Ayyappan Street Block 37 has changed

The guideline value for Ayyappan Street Block 37 has seen several revisions over the years. The earliest recorded value was Rs 1,240 per sq.ft in 2007, which increased significantly to Rs 4,500 per sq.ft in 2012. However, this value decreased to Rs 3,015 per sq.ft in 2017. Following this, the value rose to Rs 4,500 per sq.ft in 2023 and has now reached Rs 4,900 per sq.ft in the 2024 revision. The register does not have figures for the years 2002 and 2003.

Between the revisions, the changes were as follows: from 2007 to 2012, there was an increase of 263%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a rise of 9% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 295%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is the same as the current value for Ayyappan Street Block 37.

• Ayyappan Sannathi 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 Street Block 37

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000. Together, the total cost would be Rs 4,41,000. Please note that 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 Street Block 37?

The Sub Registrar Office that covers Ayyappan Street Block 37 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transfer process.

When buying or selling a property, the guideline value helps ensure that the transaction is recorded accurately in the official records. It is crucial for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Ayyappan 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 from Rs 1,240 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Ayyappan Street Block 37?

Ayyappan Street Block 37 is classified as Residential Class III Type - II.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in Ayyappan Street Block 37?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000.