Guideline Value for SRI AYYAPPAN NAGAR PHASE-I

Sri Ayyappan Nagar Phase-I guideline value

The current guideline value of Sri Ayyappan Nagar Phase-I is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Kovalavedu village under the Walajabad SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Ayyappan Nagar Phase-I has changed

The guideline value for Sri Ayyappan Nagar Phase-I has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft. In 2023, the value returned to Rs 150 per sq.ft and has remained the same through the 2024 revision.

From 2017 to 2023, there was a 50% increase in the guideline value. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 150 per sq.ft.

Guideline values in Kovalavedu

In Kovalavedu, the guideline values for 2024 range from Rs 150 to Rs 200 per sq.ft, with the median being Rs 150 per sq.ft. The guideline value for Sri Ayyappan Nagar Phase-I matches this median at Rs 150 per sq.ft.

• Sri Ayyappan Nagar Phase-II: Rs 150 per sq.ft (2024)
• Vgp Mother Teresapuram: Rs 150 per sq.ft (2024)
• Thiru Rajadurai Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ayyappan Nagar Phase-I

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the 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 Sri Ayyappan Nagar Phase-I?

The Sub Registrar Office covering Sri Ayyappan Nagar Phase-I is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kovalavedu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately according to government regulations.

When buying or selling property, the guideline value serves as a reference point. Buyers and sellers should be aware that the final charges will be based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sri Ayyappan Nagar Phase-I?

The current guideline value of Sri Ayyappan Nagar Phase-I is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a decrease to Rs 100 per sq.ft in 2017 and an increase back to Rs 150 per sq.ft in 2023.

What are the guideline values for other streets in Kovalavedu?

Other streets in Kovalavedu have guideline values ranging from Rs 150 to Rs 200 per sq.ft. Sri Ayyappan Nagar Phase-II and Vgp Mother Teresapuram both have a value of Rs 150 per sq.ft, while Thiru Rajadurai Nagar is valued at Rs 200 per sq.ft.

What are the stamp duty and registration fees for properties in Sri Ayyappan Nagar Phase-I?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot valued at Rs 150 per sq.ft, the total fees would amount to Rs 13,500.

Which office handles property registrations for Sri Ayyappan Nagar Phase-I?

The Walajabad Sub Registrar Office is responsible for property registrations in Sri Ayyappan Nagar Phase-I, located on Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.