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Guideline Value

Corporate

Guideline Value for Sri Ayyappa Nagar Ist Cross Street

₹4900/sq.ft.

The guideline value for Sri Ayyappa Nagar Ist 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 ₹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 Ist Cross Street

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Sri Ayyappa Nagar Ist Cross Street guideline value

The current guideline value of Sri Ayyappa Nagar Ist 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, classified as Residential Class II Type - II.

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

The guideline value for Sri Ayyappa Nagar Ist Cross Street has undergone several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 200%. However, from 2012 to 2017, the value dropped to Rs 3,015 per sq.ft, a decrease of 33%. The 2023 revision set the value at Rs 4,500 per sq.ft, which then increased to Rs 4,900 per sq.ft in 2024, reflecting a 9% rise.

In total, from the 2007 revision to the current 2024 figure, the guideline value has increased by 227%. The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register.

Guideline values in Koyakbedu

Koyakbedu village 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 in this area is Rs 4,400 per sq.ft, placing the 2024 figure for Sri Ayyappa Nagar Ist Cross Street above this median.

Stamp duty and registration fee for property in Sri Ayyappa Nagar Ist 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 together to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Ayyappa Nagar Ist Cross Street?

The Sri Ayyappa Nagar Ist Cross Street falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 critical factor in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

What is the land classification for Sri Ayyappa Nagar Ist Cross Street?

Sri Ayyappa Nagar Ist Cross Street is classified as Residential Class II Type - II.

Where can I find the registration office for this area?

The registration office covering Sri Ayyappa Nagar Ist Cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is 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, a property with a guideline value of Rs 49,00,000 would incur a stamp duty of Rs 3,43,000 at 7%.