Guideline Value for Old Cemetry Road

Old Cemetry Road guideline value

The current guideline value of Old Cemetry Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Ayanavaram village, under the jurisdiction of the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Old Cemetry Road has changed

The guideline value for Old Cemetry Road has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The value rose again to Rs 4,000 per sq.ft in 2023, and most recently to Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The jump from 2007 to 2012 represented a 300% increase, while the drop from 2012 to 2017 was 33%. Overall, the guideline value has increased by 340% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values for 2024 ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Old Cemetry Road's 2024 figure below that median.

• Officers Colony: Rs 4,900 per sq.ft (2024)
• O- Block, Ganapathy Colony: Rs 9,900 per sq.ft (2024)
• O- Block, 37th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 36th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 35th Street: Rs 9,900 per sq.ft (2024)
• O- Block, 34th Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Old Cemetry Road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Old Cemetry Road?

The Sub Registrar Office that covers Old Cemetry Road 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Old Cemetry Road?

The current guideline value of Old Cemetry Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with several revisions in between.

What is the land classification for Old Cemetry Road?

The land classification for Old Cemetry Road is Residential Class II Type - I, which indicates its intended use for residential purposes.

What is the stamp duty rate for properties in Ayanavaram?

The stamp duty rate for properties in Ayanavaram is 7%, calculated on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for Old Cemetry Road?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office.