Guideline Value for SRI AYYANAR COLONY

Sri Ayyanar Colony guideline value

The current guideline value of Sri Ayyanar Colony in Kattur village is Rs 100 per sq.ft, effective from the 2024 revision which will be in effect from 1 July 2024. This area falls under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Sri Ayyanar Colony has changed

Since the 2017 revision, the guideline value for Sri Ayyanar Colony has increased from Rs 67 per sq.ft to Rs 100 per sq.ft in 2024, reflecting a significant change of 49%. The 2023 revision also recorded a guideline value of Rs 100 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 49%. The consistency in the guideline value from 2023 to 2024 indicates stability in the current valuation.

Guideline values in Kattur

In Kattur, there are 11 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with a median of Rs 100 per sq.ft. The guideline value for Sri Ayyanar Colony aligns with this median.

• Sri Balaji Avenue: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue Phase II: Rs 100 per sq.ft (2024)
• Sri Balaji Nagar: Rs 100 per sq.ft (2024)
• Sri Vari Avenue: Rs 100 per sq.ft (2024)
• Santhosam Nagar: Rs 100 per sq.ft (2024)
• Om Enterprises: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ayyanar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ayyanar Colony?

The Sri Ayyanar Colony is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property in Kattur.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a fair valuation, which is essential for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to accurately calculate the costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Sri Ayyanar Colony?

The current guideline value of Sri Ayyanar Colony is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2024, reflecting a 49% increase overall. There was no change from 2023 to 2024, as both years recorded a value of Rs 100 per sq.ft.

What are the other streets in Kattur with the same guideline value?

Other streets in Kattur under the Ponneri SRO also have a guideline value of Rs 100 per sq.ft for 2024. These include Sri Balaji Avenue, Sri Balaji Avenue Phase II, Sri Balaji Nagar, Sri Vari Avenue, Santhosam Nagar, and Om Enterprises.

What fees are associated with buying property in Sri Ayyanar Colony?

When buying property in Sri Ayyanar Colony, buyers must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Ayyanar Colony?

The Sub Registrar Office covering Sri Ayyanar Colony is the Ponneri SRO, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more details online.