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Guideline Value

Corporate

Guideline Value for Sri Ayyappa Nagar 2nd Cross Street

₹4900/sq.ft.

The guideline value for Sri Ayyappa Nagar 2nd Cross Street in Koyakbedu village (Annanagar SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koyakbedu

Village

AnnaNagar

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1594 /sq.ft.
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 2nd Cross Street

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Sri Ayyappa Nagar 2nd Cross Street guideline value

The current guideline value of Sri Ayyappa Nagar 2nd Cross Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sri Ayyappa Nagar 2nd Cross Street has changed

The guideline value for Sri Ayyappa Nagar 2nd Cross Street has seen several revisions over the years. The 2024 revision sets the value at Rs 4,900 per sq.ft, an increase from the 2023 figure of Rs 4,500 per sq.ft, marking a change of +9%. Prior to that, the 2017 revision recorded a value of Rs 3,015 per sq.ft, which represents a significant increase of +49% from the previous 2023 figure. The 2012 revision also recorded a value of Rs 4,500 per sq.ft, which was a decrease of -33% from the 2017 figure. The 2007 revision set the value at Rs 1,594 per sq.ft, marking a substantial increase of +182% to the 2012 figure. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by +207%. This reflects the changes in the real estate landscape in Koyakbedu over the years.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Sri Ayyappa Nagar 2nd Cross Street's 2024 figure above that median.

Stamp duty and registration fee for property in Sri Ayyappa Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. 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 2nd Cross Street?

The Sub Registrar Office that covers Sri Ayyappa Nagar 2nd Cross Street 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 is a crucial reference point when buying or selling property in Koyakbedu. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps in ensuring that the property transaction is compliant with local regulations. It is advisable for buyers and sellers to consult the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ayyappa Nagar 2nd Cross Street?

The current guideline value of Sri Ayyappa Nagar 2nd Cross Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,594 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, representing an overall increase of +207% over the years.

What is the stamp duty for property in Sri Ayyappa Nagar 2nd Cross Street?

The stamp duty for property in Sri Ayyappa Nagar 2nd Cross Street is 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000.

Which office handles property registrations for this area?

The AnnaNagar Sub Registrar Office handles property registrations for Sri Ayyappa Nagar 2nd Cross Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What should I know about the guideline value before buying property?

It is essential to understand the guideline value as it determines the stamp duty and registration fees applicable during a property transaction. Ensure you check the latest guideline values to avoid any issues during registration.