Guideline Value for Ayyasami Chetty Lane

Ayyasami Chetty Lane guideline value

The current guideline value of Ayyasami Chetty Lane is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ayyasami Chetty Lane has changed

The guideline value for Ayyasami Chetty Lane has seen several revisions over the years. The 2007 revision recorded a value of Rs 1,145 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 337%. However, the value decreased to Rs 3,350 per sq.ft in 2017, a decline of 33%. Following this, the 2023 revision set the value at Rs 5,000 per sq.ft, which then increased by 10% to Rs 5,500 per sq.ft in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 380%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value in the village is Rs 6,600 per sq.ft, placing Ayyasami Chetty Lane's 2024 figure below this median.

• Ayyasami Chetty Street: Rs 5,500 per sq.ft (2024)
• Ayothiya Nagar: Rs 2,700 per sq.ft (2024)
• Assudin Khan Street: Rs 7,700 per sq.ft (2024)
• Arunachala Achari Street: Rs 7,700 per sq.ft (2024)
• Arumuga Vaidhiyar Street: Rs 6,600 per sq.ft (2024)
• Arumugappa Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyasami Chetty Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyasami Chetty Lane?

The Sub Registrar Office that covers Ayyasami Chetty Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value is a crucial factor when it comes to the registration of property transactions in Triplicane. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal documentation. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ayyasami Chetty Lane?

The current guideline value of Ayyasami Chetty Lane is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,145 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 380% over this period.

What are the stamp duty and registration fees for property in Ayyasami Chetty Lane?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the total fees would amount to Rs 4,95,000.

Which Sub Registrar Office covers Ayyasami Chetty Lane?

The Triplicane Sub Registrar Office covers Ayyasami Chetty Lane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the land classification for Ayyasami Chetty Lane?

Ayyasami Chetty Lane is classified as Residential Class II Type - I, indicating its designation for residential purposes.