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_B village under the Sunguvarchattram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Ayyar Street has changed

The guideline value for Ayyar Street has remained consistent at Rs 150 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, in the 2017 revision, the guideline value was Rs 100 per sq.ft, indicating a 50% increase to the 2023 figure.

There are no figures available for the revisions from 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Echur_B

In Echur_B village, there are 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 guideline value aligns 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 is Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyar Street?

The Sub Registrar Office that covers Ayyar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Echur_B. It determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value as it impacts the overall costs associated with the transaction. It is crucial for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

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 from 2023 to 2024, while it was Rs 100 per sq.ft in 2017. This indicates a 50% increase overall from 2017 to 2024.

What is the land classification of Ayyar Street?

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

Where is the Sub Registrar Office located for Ayyar Street?

The Sub Registrar Office for Ayyar Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ayyar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the total guideline value is Rs 1,50,000, leading to a stamp duty of Rs 10,500.