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Guideline Value

Corporate

Guideline Value for Sri Ayyappa Nagar 2nd Street

₹4900/sq.ft.

The guideline value for Sri Ayyappa Nagar 2nd 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 ₹1500 /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 Street

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Sri Ayyappa Nagar 2nd Street guideline value

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

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

The guideline value has undergone several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% increase. However, this value saw a decrease to Rs 3,015 per sq.ft in 2017, a decline of 33%. The most recent revisions show a rise to Rs 4,500 per sq.ft in 2023, followed by a further increase to Rs 4,900 per sq.ft in 2024, reflecting a 9% change.

There are no registered figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 227%.

Guideline values in Koyakbedu

Koyakbedu has a total of 270 streets under the AnnaNagar SRO with 2024 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, placing Sri Ayyappa Nagar 2nd Street's 2024 figure above this median.

Stamp duty and registration fee for property in Sri Ayyappa Nagar 2nd 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, totaling 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Ayyappa Nagar 2nd Street?

The Sri Ayyappa Nagar 2nd Street falls under 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 information.

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

The guideline value plays a crucial role in property transactions in Koyakbedu. It is utilized to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency in property dealings and protects the interests of both parties involved in the transaction.

Frequently asked questions

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

The current guideline value of Sri Ayyappa Nagar 2nd 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 increased from Rs 1,500 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 227% over the years.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles registrations for this street?

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

What is the median guideline value in Koyakbedu?

The median guideline value for the streets in Koyakbedu is Rs 4,400 per sq.ft, with Sri Ayyappa Nagar 2nd Street's value being above this median.