Guideline Value for Ayyasamy Nagar

Ayyasamy Nagar guideline value

The current guideline value of Ayyasamy Nagar is Rs 950 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Ayyasamy Nagar has changed

The guideline value of Ayyasamy Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 450 per sq.ft, which increased to Rs 900 per sq.ft in 2012. However, it then decreased to Rs 603 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 900 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 950 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

Between these revisions, the changes were notable. From 2007 to 2012, there was a 100% increase, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 6% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 111%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, making Ayyasamy Nagar's 2024 figure below the median.

• Ayyappan Street: Rs 2,400 per sq.ft (2024)
• Babaji Street: Rs 1,300 per sq.ft (2024)
• Avvai Street: Rs 2,900 per sq.ft (2024)
• Avvai Nagar: Rs 2,900 per sq.ft (2024)
• Avvai 4th Street: Rs 2,900 per sq.ft (2024)
• Avvai 3rd Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyasamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total fees to Rs 85,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyasamy Nagar?

Ayyasamy Nagar falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Selaiyur, the guideline value is a critical factor in determining the stamp duty and registration fees. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Understanding these values can help in better financial planning during real estate transactions.

Frequently asked questions

What is the current guideline value of Ayyasamy Nagar?

The current guideline value of Ayyasamy Nagar is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, reflecting an overall increase of 111% over this period.

What are the stamp duty and registration fees for property in Ayyasamy Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 85,500.

Which office handles property registration for Ayyasamy Nagar?

The Selaiyur Sub Registrar Office handles property registration for Ayyasamy Nagar, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Ayyasamy Nagar?

Ayyasamy Nagar is classified as Residential Class IV Type - II, which indicates its suitability for residential development.