Guideline Value for Ayyasami Chetty Street

Ayyasami Chetty Street guideline value

The current guideline value of Ayyasami Chetty Street 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 Street has changed

The guideline value for Ayyasami Chetty Street has seen several revisions over the years. The earliest available figure is from 2007, when it was Rs 2,023 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, followed by a decrease to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023 and has now reached Rs 5,500 per sq.ft in 2024. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has increased by 172%, reflecting the changes in the local real estate landscape.

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 value for these streets is Rs 6,600 per sq.ft, placing Ayyasami Chetty Street's 2024 figure below this median.

• Ayyasami Chetty Lane: 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 Street

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 be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, resulting in a total of Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyasami Chetty Street?

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

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

The guideline value is a crucial factor in the property registration process in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ayyasami Chetty Street?

The current guideline value of Ayyasami Chetty Street 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 2,023 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, with several revisions in between. Notably, it increased by 172% from 2007 to 2024.

What is the median guideline value for streets in Triplicane?

The median guideline value for streets in Triplicane is Rs 6,600 per sq.ft, with Ayyasami Chetty Street's current value being below this median.

What are the stamp duty rates for property in Ayyasami Chetty Street?

The stamp duty for property in Ayyasami Chetty Street is 7% of the guideline value or the sale price, whichever is higher. This is in addition to a registration fee of 2%.

Where can I find the Sub Registrar Office for Ayyasami Chetty Street?

The Sub Registrar Office for Ayyasami Chetty Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.