Guideline Value

Corporate

Guideline Value for Sri Ganapthy Avenue

₹880/sq.ft.

The guideline value for Sri Ganapthy Avenue in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Ganapthy Avenue

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Sri Ganapthy Avenue guideline value

The current guideline value of Sri Ganapthy Avenue is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class II Type - II.

How the guideline value of Sri Ganapthy Avenue has changed

The guideline value for Sri Ganapthy Avenue has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 400 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a 100% rise. However, it saw a decline to Rs 536 per sq.ft in 2017, which is a decrease of 33%. The value then increased significantly to Rs 800 per sq.ft in 2023, followed by a further increase to Rs 880 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. The overall change from the 2007 revision to the current 2024 figure is an increase of 120%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Sri Ganapthy Avenue's 2024 figure below this median.

Stamp duty and registration fee for property in Sri Ganapthy Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganapthy Avenue?

The Sri Ganapthy Avenue falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value helps ensure that the transaction is recorded accurately. It is essential for both parties to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ganapthy Avenue?

The current guideline value of Sri Ganapthy Avenue is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 120% over this period.

What is the stamp duty rate for properties in Sri Ganapthy Avenue?

The stamp duty rate for properties in Sri Ganapthy Avenue is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Ganapthy Avenue?

The Sub Registrar Office covering Sri Ganapthy Avenue is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

What are the other streets in Ayappakkam with guideline values?

Other streets in Ayappakkam have varying guideline values, with some streets like Sri . Devi Karumari Amman Nagar and Sri. Bavani Nagar Extn - 3 having values of Rs 880 per sq.ft and Rs 1,100 per sq.ft, respectively.