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Guideline Value

Corporate

Guideline Value for Sri Ayyappa Nagar 3rd Street

₹4900/sq.ft.

The guideline value for Sri Ayyappa Nagar 3rd 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 3rd Street

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Sri Ayyappa Nagar 3rd Street guideline value

The current guideline value of Sri Ayyappa Nagar 3rd 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 3rd Street has changed

The guideline value for Sri Ayyappa Nagar 3rd Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% rise. However, this value decreased to Rs 3,015 per sq.ft in 2017, reflecting a decline of 33%. From 2017 to 2023, the value rose sharply by 49% to Rs 4,500 per sq.ft, and the most recent revision in 2024 has further increased it to Rs 4,900 per sq.ft, a change of 9%.

It is important to note that the register has no figure 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 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 3rd Street above this median.

Stamp duty and registration fee for property in Sri Ayyappa Nagar 3rd 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, resulting in a total cost of Rs 4,41,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Ayyappa Nagar 3rd Street?

The Sub Registrar Office that covers Sri Ayyappa Nagar 3rd 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 additional information.

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

The guideline value is a crucial factor during property registration in Koyakbedu. It serves as the baseline for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value recognized by the authorities, facilitating a transparent transaction process.

Frequently asked questions

What is the current guideline value of Sri Ayyappa Nagar 3rd Street?

The current guideline value of Sri Ayyappa Nagar 3rd Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From 2007 to 2024, the guideline value has increased from Rs 1,500 per sq.ft to Rs 4,900 per sq.ft, representing a total increase of 227% over the years.

What is the median guideline value in Koyakbedu?

The median guideline value for the 270 streets in Koyakbedu is Rs 4,400 per sq.ft, which is lower than the current value of Sri Ayyappa Nagar 3rd Street.

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

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.

Where is the Sub Registrar Office for Sri Ayyappa Nagar 3rd Street located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.