Guideline Value for Ayyar Street

Ayyar Street guideline value

The current guideline value of Ayyar Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Echur village under the Sunguvarchattram SRO, classified as Residential Class IV Type - I.

How the guideline value of Ayyar Street has changed

The guideline value for Ayyar Street has seen several revisions over the years. In 2012, the guideline value was Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a 33% drop. However, from 2017 to 2023, it increased by 50% to reach Rs 150 per sq.ft again. The most recent revision in 2024 maintains this value at Rs 150 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Ayyar Street. Therefore, the guideline values from these years are not available.

Guideline values in Echur

Echur village has 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 150 per sq.ft. Ayyar Street's 2024 figure aligns perfectly with this median.

• Arokiamatha Kovil Street: Rs 150 per sq.ft (2024)
• Ambethkar Nagar: Rs 150 per sq.ft (2024)
• China Colony Mariamman kovil Street: Rs 150 per sq.ft (2024)
• China Street: Rs 150 per sq.ft (2024)
• Adarsh Homes: Rs 250 per sq.ft (2024)
• Eshwaran Kovil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyar Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, while the registration fee at 2% would total Rs 3,000. Therefore, the total cost for these fees would be Rs 13,500. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyar Street?

Ayyar Street falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process of property transactions in Echur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions as per the latest revisions. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ayyar Street?

The current guideline value of Ayyar Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2012, with a decrease to Rs 100 per sq.ft in 2017, and then returning to Rs 150 per sq.ft in 2023 and 2024.

What is the land classification of Ayyar Street?

Ayyar Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 13,500, based on the current guideline value of Rs 1,50,000.

Which office handles registrations for Ayyar Street?

The Sunguvarchattram Sub Registrar Office is responsible for handling registrations for properties on Ayyar Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.