Guideline Value for Ayyappan Street

Ayyappan Street guideline value

The current guideline value of Ayyappan Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Ayyappan Street has changed

The guideline value of Ayyappan Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a rise of 450%. However, in 2017, the value decreased to Rs 1,474 per sq.ft, a drop of 33%. The 2023 revision set the value at Rs 2,200 per sq.ft, which then increased to Rs 2,400 per sq.ft in 2024, reflecting a change of 9%.

There are no figures available for Ayyappan Street in the revisions for 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 500%.

Guideline values in Selaiyur

In Selaiyur, there are a total of 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Ayyappan Street's 2024 figure above that median.

• Ayyasamy Nagar: Rs 950 per sq.ft (2024)
• Babaji Street: Rs 1,300 per sq.ft (2024)
• Avvai Street: Rs 2,900 per sq.ft (2024)
• Avvai Nagar: Rs 2,900 per sq.ft (2024)
• Avvai 4th Street: Rs 2,900 per sq.ft (2024)
• Avvai 3rd Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to 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 and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Ayyappan Street?

The Sub Registrar Office that covers Ayyappan Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and reflects the value of the property as per the government’s assessment.

Frequently asked questions

What is the current guideline value of Ayyappan Street?

The current guideline value of Ayyappan Street 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 from Rs 400 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 500% over the years.

What are the stamp duty and registration fees for Ayyappan Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,16,000.

Which office handles registrations for Ayyappan Street?

The Selaiyur Sub Registrar Office handles registrations for Ayyappan Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What is the land classification for Ayyappan Street?

Ayyappan Street is classified as Residential Special Type - II, indicating its designated use for residential purposes.