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Guideline Value

Corporate

Guideline Value for Sri Ayyappa Nagar 2nd Main Road

₹4400/sq.ft.

The guideline value for Sri Ayyappa Nagar 2nd 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 2nd Main Road

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Sri Ayyappa Nagar 2nd Main Road guideline value

The current guideline value of Sri Ayyappa Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sri Ayyappa Nagar 2nd Main Road has changed

The guideline value for Sri Ayyappa Nagar 2nd Main Road has seen several revisions over the years. In the 2012 revision, the value was set at Rs 4,000 per sq.ft. This was followed by a decrease in the 2017 revision to Rs 2,680 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 4,000 per sq.ft in the 2023 revision, and further rose to Rs 4,400 per sq.ft in the 2024 revision, representing a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for this street. The 2023 revision marked a 49% increase from the 2017 figure, illustrating a significant change in the guideline value over the last few years.

Guideline values in Koyakbedu

Koyakbedu 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 the area is Rs 4,400 per sq.ft, which is equal to the current guideline value of Sri Ayyappa Nagar 2nd Main Road.

Stamp duty and registration fee for property in Sri Ayyappa Nagar 2nd 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. Together, the total cost for these fees would be 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 2nd Main Road?

The Sri Ayyappa Nagar 2nd Main Road is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 in the property registration process in Koyakbedu. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during the transaction.

When registering a property, the guideline value is assessed to calculate the applicable fees. It is essential for both parties to understand that the fees are based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sri Ayyappa Nagar 2nd Main Road?

The current guideline value of Sri Ayyappa Nagar 2nd 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 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Sri Ayyappa Nagar 2nd Main Road?

The land classification for Sri Ayyappa Nagar 2nd Main Road is Residential Class I Type - II.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 3,96,000.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers Sri Ayyappa Nagar 2nd Main Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.