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Guideline Value

Corporate

Guideline Value for Sri Ayyappa Nagar 1st Main Road

₹4400/sq.ft.

The guideline value for Sri Ayyappa Nagar 1st Main Road in Koyakbedu village (Annanagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koyakbedu

Village

AnnaNagar

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Ayyappa Nagar 1st Main Road

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Sri Ayyappa Nagar 1st Main Road guideline value

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

How the guideline value of Sri Ayyappa Nagar 1st Main Road has changed

The guideline value for Sri Ayyappa Nagar 1st Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was a decrease of 33% from the Rs 2,680 per sq.ft recorded in the 2017 revision. The 2023 revision increased the value to Rs 4,000 per sq.ft, and the most recent 2024 revision has further increased it to Rs 4,400 per sq.ft, reflecting a 10% increase over the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which is the same as the current value for Sri Ayyappa Nagar 1st Main Road.

Stamp duty and registration fee for property in Sri Ayyappa Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to 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.

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

Which Sub Registrar Office covers Sri Ayyappa Nagar 1st Main Road?

The Sub Registrar Office that covers Sri Ayyappa Nagar 1st Main 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 details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Koyakbedu. It serves as a benchmark to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives appropriate revenue from property transactions.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the applicable fees. This helps maintain transparency in property transactions and ensures that both parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Sri Ayyappa Nagar 1st Main Road?

The current guideline value of Sri Ayyappa Nagar 1st Main 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 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,680 per sq.ft in 2017 and Rs 4,000 per sq.ft in 2012.

What is the land classification for Sri Ayyappa Nagar 1st Main Road?

The land classification for Sri Ayyappa Nagar 1st Main Road is Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sri Ayyappa Nagar 1st Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Koyakbedu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 3,08,000.