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Guideline Value

Corporate

Guideline Value for Sri Ayyappa Nagar Main Road

₹4900/sq.ft.

The guideline value for Sri Ayyappa Nagar Main Road 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 Main Road

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Sri Ayyappa Nagar Main Road guideline value

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

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

Over the years, the guideline value for Sri Ayyappa Nagar Main Road has seen significant changes. Starting from the 2007 revision, the value was Rs 1,500 per sq.ft. It increased to Rs 4,500 per sq.ft in 2012, marking a substantial rise of 200%. However, the value dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The 2023 revision saw the value rise again to Rs 4,500 per sq.ft, and most recently, it increased to Rs 4,900 per sq.ft in 2024, reflecting a rise of 9%.

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

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 value for these streets is Rs 4,400 per sq.ft, placing Sri Ayyappa Nagar Main Road's 2024 value above this median.

Stamp duty and registration fee for property in Sri Ayyappa Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the 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. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Ayyappa Nagar Main Road?

The Sub Registrar Office that covers Sri Ayyappa Nagar Main Road is 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 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, ensuring compliance with local regulations.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed and documented according to the established values.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

From 2007 to 2024, the guideline value has increased by 227%. The most recent change was a 9% increase from Rs 4,500 per sq.ft in 2023 to Rs 4,900 per sq.ft in 2024.

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

Sri Ayyappa Nagar Main Road is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for properties in Koyakbedu?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 49,00,000, the stamp duty at 7% would be Rs 3,43,000.