Guideline Value for Ayyar Street

Ayyar Street guideline value

The current guideline value of Ayyar Street is Rs 181 per sq.ft, effective from 1 July 2024. This street is located in Podavoor village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ayyar Street has changed

The guideline value for Ayyar Street has seen several revisions over the years. The earliest available revision is from 2012, where the value was Rs 180 per sq.ft. This was followed by a decrease to Rs 121 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft, a figure that remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for Ayyar Street. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Podavoor

In Podavoor, there are 20 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 181 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which means Ayyar Street's current value is below this median.

• Bajanai Kovil Street: Rs 300 per sq.ft (2024)
• Anubav Green Rich Village: Rs 600 per sq.ft (2024)
• Anubav Green Land: Rs 600 per sq.ft (2024)
• Ambethkar Street: Rs 181 per sq.ft (2024)
• Chemman Kuttai Street: Rs 181 per sq.ft (2024)
• Detroid Layout: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value would be Rs 1,81,000. The stamp duty at 7% would amount to Rs 12,670, and the registration fee at 2% would be Rs 3,620, bringing the total fees to Rs 16,290. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also 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 further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Podavoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. This value is essential for calculating the applicable fees and ensuring compliance with local regulations 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 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then increased to Rs 181 per sq.ft in both 2023 and 2024.

Are there any years without a guideline value for Ayyar Street?

Yes, there are no figures available for the years 2002, 2003, and 2007 for Ayyar Street.

What is the median guideline value for streets in Podavoor?

The median guideline value for streets in Podavoor is Rs 250 per sq.ft, which is higher than the current value of Ayyar Street.

Where can I find the Sub Registrar Office for Ayyar Street?

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