Guideline Value for FAIRY LAND AGRIYA

Fairy Land Agriya guideline value

The current guideline value of Fairy Land Agriya is Rs 3,200 per sq.ft, effective from 1 July 2024. This property is located in Ottiyampakkam village, under the Selaiyur SRO, and is classified as Mixed Type - II land.

How the guideline value of Fairy Land Agriya has changed

The guideline value for Fairy Land Agriya has seen several revisions over the years. The 2017 revision set the value at Rs 2,000 per sq.ft, which increased significantly to Rs 2,986 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 raised the value to Rs 3,200 per sq.ft, reflecting a 7% increase from the previous year. It is important to note that the register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. This substantial change indicates a trend in the valuation of properties in this area.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft, with a median value of Rs 1,950 per sq.ft. The guideline value of Fairy Land Agriya is above this median, indicating a higher valuation compared to many other streets in the village.

• Gandhi Nagar: Rs 1,950 per sq.ft (2024)
• Elite Acres: Rs 1,800 per sq.ft (2024)
• Gandhi Nagar Extension: Rs 1,950 per sq.ft (2024)
• Gandhi Nagar Main Road: Rs 1,950 per sq.ft (2024)
• Casa Grand Sereno: Rs 3,200 per sq.ft (2024)
• Blooming Garden: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Fairy Land Agriya

For a 1,000 sq.ft plot at the current rate of Rs 3,200 per sq.ft, the guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, totaling Rs 2,88,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Fairy Land Agriya?

The Fairy Land Agriya property 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 Ottiyampakkam

The guideline value plays a crucial role in the registration process of property transactions in Ottiyampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the stamp duty and registration fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Fairy Land Agriya?

The current guideline value of Fairy Land Agriya is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2017 to Rs 2,986 per sq.ft in 2023, and then to Rs 3,200 per sq.ft in 2024. This represents a total increase of 60% from 2017 to 2024.

What are the guideline values of other streets in Ottiyampakkam?

Other streets in Ottiyampakkam have varying guideline values, ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,950 per sq.ft.

What is the registration fee for property in Fairy Land Agriya?

The registration fee for a property in Fairy Land Agriya is calculated based on the guideline value. For example, for a 1,000 sq.ft plot valued at Rs 32,00,000, the registration fee at 2% would be Rs 64,000.

Which Sub Registrar Office covers the area of Fairy Land Agriya?

The Selaiyur Sub Registrar Office covers the area of Fairy Land Agriya. It is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.