Guideline Value for AZAGIRI NAGAR

Azagiri Nagar guideline value

The current guideline value of Azagiri Nagar is Rs 2,640 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Azagiri Nagar has changed

The guideline value for Azagiri Nagar has seen significant changes over the years. In the 2017 revision, the value was set at Rs 1,608 per sq.ft. This increased to Rs 2,400 per sq.ft in 2023, marking a 49% rise. The current 2024 revision reflects a further increase to Rs 2,640 per sq.ft, which is a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO carrying a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Azagiri Nagar's 2024 figure above this median.

• Avvai Street: Rs 1,980 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,650 per sq.ft (2024)
• Bakthavachalam Street: Rs 2,310 per sq.ft (2024)
• Ashtalaxmi Nagar: Rs 1,980 per sq.ft (2024)
• Balaji Apartments: Rs 2,310 per sq.ft (2024)
• Balaji Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Azagiri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value would be Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, making the total charges Rs 2,37,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Azagiri Nagar?

The Sub Registrar Office that covers Azagiri Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Azagiri Nagar?

The current guideline value of Azagiri Nagar is Rs 2,640 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,608 per sq.ft in 2017 to Rs 2,640 per sq.ft in 2024, which is a total increase of 64% over the seven years.

What is the registration office for Azagiri Nagar?

The registration office for Azagiri Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty and registration fees for property in Azagiri Nagar?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would amount to Rs 2,37,600.

How is the guideline value determined for properties in Perungalathur?

The guideline value is determined based on various factors, including land classification and the historical revisions of property values in the area. It is essential for property transactions to ensure fair valuations.