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Guideline Value

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Guideline Value for Srinivasa Perumal Koil Street (Iyappan nagar)

₹1700/sq.ft.

The guideline value for Srinivasa Perumal Koil Street (iyappan Nagar) in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /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 Srinivasa Perumal Koil Street (iyappan Nagar)

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Srinivasa Perumal Koil Street (Iyappan nagar) guideline value

The current guideline value of Srinivasa Perumal Koil Street (Iyappan nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, and the land classification is Residential Special Type - II.

How the guideline value of Srinivasa Perumal Koil Street (Iyappan nagar) has changed

The guideline value for Srinivasa Perumal Koil Street has seen several revisions over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in 2012. However, it then dropped to Rs 1,072 per sq.ft in the 2017 revision, before rising to Rs 1,600 per sq.ft again in 2023. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft.

Between the revisions, the changes were notable: from 2007 to 2012, there was a remarkable increase of 300%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 6% increase from 2023 to 2024. The overall increase from 2007 to 2024 is 325%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam village, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Rs 1,700 per sq.ft for Srinivasa Perumal Koil Street is above this median.

Stamp duty and registration fee for property in Srinivasa Perumal Koil Street (Iyappan nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total charges Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasa Perumal Koil Street (Iyappan nagar)?

The Sub Registrar Office that covers Srinivasa Perumal Koil Street (Iyappan nagar) is 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 an essential factor in the registration process when buying or selling property in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, thus helping in the proper assessment of taxes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Srinivasa Perumal Koil Street?

The current guideline value of Srinivasa Perumal Koil Street (Iyappan nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 400 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, which is an overall increase of 325%.

What is the land classification for Srinivasa Perumal Koil Street?

The land classification for Srinivasa Perumal Koil Street (Iyappan nagar) is Residential Special Type - II.

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

The Sub Registrar Office covering Srinivasa Perumal Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%.