Guideline Value for Ayyavoo Naidu Street

Ayyavoo Naidu Street guideline value

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

How the guideline value of Ayyavoo Naidu Street has changed

Since the 2002 revision, the guideline value for Ayyavoo Naidu Street has seen significant changes. In 2002, the value was Rs 743 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007, marking a 62% rise. The value then surged to Rs 5,000 per sq.ft in 2012, a remarkable increase of 317%. However, it dropped to Rs 3,350 per sq.ft in 2017, reflecting a decrease of 33%. The value rose again to Rs 5,000 per sq.ft in 2023, and finally reached Rs 5,500 per sq.ft in the 2024 revision, a 10% increase from the previous year.

There is no guideline value recorded for Ayyavoo Naidu Street in 2003. Overall, from 2002 to 2024, the guideline value has increased by 640%.

Guideline values in Aminjikarai

Aminjikarai has 99 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Ayyavoo Naidu Street's 2024 figure above this median.

• Cemetry Road: Rs 4,400 per sq.ft (2024)
• Chellammal Street: Rs 5,500 per sq.ft (2024)
• Chengalvarayan Street: Rs 4,400 per sq.ft (2024)
• Devakiammal Street: Rs 6,600 per sq.ft (2024)
• East Arasamaram Street: Rs 4,400 per sq.ft (2024)
• East Club Road: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyavoo Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to 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, bringing the total cost for these fees to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ayyavoo Naidu Street?

The Sub Registrar Office that covers Ayyavoo Naidu Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Aminjikarai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price. The stamp duty is charged on the higher of the two figures, ensuring that the appropriate fees are collected based on the property's value.

Frequently asked questions

What is the current guideline value of Ayyavoo Naidu Street?

The current guideline value of Ayyavoo Naidu 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 significantly from Rs 743 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 640% over this period.

What is the role of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and duty is charged on the higher of the two values.

Where can I find the Sub Registrar Office for Ayyavoo Naidu Street?

The Sub Registrar Office for Ayyavoo Naidu Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for a property in Ayyavoo Naidu Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 4,95,000, based on the guideline value of Rs 55,00,000.