Guideline Value for AZATH NAGAR 2ND STREET

Azath Nagar 2nd Street guideline value

The current guideline value of Azath Nagar 2nd Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Azath Nagar 2nd Street has changed

The guideline value for Azath Nagar 2nd Street has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 561 per sq.ft. This increased to Rs 900 per sq.ft in 2007, marking a change of +60%. The value then saw a significant jump to Rs 3,500 per sq.ft in 2012, an increase of +289%. However, it decreased to Rs 2,345 per sq.ft in 2017, a reduction of -33%. The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft, reflecting a change of +62% from the 2017 figure. Notably, the register has no figure for this street in 2023 and 2002.

Overall, from 2003 to 2024, the guideline value has increased by +577%. This indicates a considerable change in the valuation of properties in this area over the years.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value for Azath Nagar 2nd Street is below this median.

• Azath Nagar 1st Street: Rs 3,800 per sq.ft (2024)
• Azath Nagar 3rd Street: Rs 3,800 per sq.ft (2024)
• Azath Nagar 4th Street: Rs 3,800 per sq.ft (2024)
• Azeez Nagar 1st Street: Rs 7,100 per sq.ft (2024)
• Azeez Nagar 2nd Street: Rs 7,100 per sq.ft (2024)
• Azeez Nagar 3rd Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Azath Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the 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 Azath Nagar 2nd Street?

The Sub Registrar Office that covers Azath Nagar 2nd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded accurately and legally.

When a buyer or seller approaches the registration office, the guideline value is referenced to calculate the applicable fees. This value serves as a benchmark for the transaction, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Azath Nagar 2nd Street?

The current guideline value of Azath Nagar 2nd Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 561 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of +577% over the years.

What is the land classification for Azath Nagar 2nd Street?

Azath Nagar 2nd Street is classified as Residential Class IV Type - III.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Where can I find the Sub Registrar Office for Azath Nagar 2nd Street?

The Sub Registrar Office for Azath Nagar 2nd Street is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.