Guideline Value for Ayyasamy Street

Ayyasamy Street guideline value

The current guideline value of Ayyasamy Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Ayyasamy Street has changed

The guideline value for Ayyasamy Street has seen significant changes over the years. The register shows that in 2002, the guideline value was Rs 623 per sq.ft. This amount increased to Rs 1,000 per sq.ft in 2003, marking a 61% rise. The value continued to grow, reaching Rs 2,500 per sq.ft in 2007, which was a 150% increase from the previous revision. In 2012, the value was recorded at Rs 6,000 per sq.ft, reflecting a substantial 140% increase from 2007. However, the guideline value dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33% from the 2012 figure.

From 2017 to 2023, the guideline value rose significantly to Rs 6,000 per sq.ft, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 6,600 per sq.ft, representing a 10% increase from the previous year. There are no figures available for the revisions in years not listed in the register.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft as of 2024. The median guideline value in this area is Rs 3,300 per sq.ft, which means Ayyasamy Street's 2024 figure is above that median.

• Ayyanar Nagar: Rs 3,300 per sq.ft (2024)
• Bagavath Sing Street: Rs 3,300 per sq.ft (2024)
• Asthalakshmi Nagar: Rs 2,200 per sq.ft (2024)
• Bajanai Koil Street (Kannadapalayam): Rs 1,320 per sq.ft (2024)
• Bajanai Koil Street (Near Gandhi road Ward-1): Rs 2,200 per sq.ft (2024)
• Bajanai Koil Street (Near mudichur road ward-31): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the 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 Ayyasamy Street?

The Sub Registrar Office that covers Ayyasamy Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, 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 Tambaram

The guideline value plays a crucial role in the registration process of property transactions in Tambaram. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

When registering a property, the guideline value ensures that the transaction is documented at a fair price, reflecting the current market conditions as determined by the Registration Department. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Ayyasamy Street?

The current guideline value of Ayyasamy Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 623 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 959% over the years.

What are the stamp duty rates for property transactions in Ayyasamy Street?

The stamp duty for property transactions in Ayyasamy Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ayyasamy Street located?

The Sub Registrar Office for Ayyasamy Street is located at No.26, mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How do I calculate the registration fees for a property in Ayyasamy Street?

To calculate the registration fees for a property in Ayyasamy Street, you need to determine the guideline value and apply the registration fee rate of 2%. You can also use the stamp duty and registration fee calculator for accurate calculations.