Guideline Value for AZATH NAGAR 4TH STREET

Azath Nagar 4th Street guideline value

The current guideline value of Azath Nagar 4th Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Azath Nagar 4th Street has changed

The guideline value for Azath Nagar 4th Street has seen several revisions over the years. In 2007, the guideline value was Rs 900 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 289%. However, the value decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft, reflecting an increase of 62% from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 322%.

Guideline values in Puliyur

In Puliyur village, 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. Azath Nagar 4th Street's 2024 guideline value is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling 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.

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

Which Sub Registrar Office covers Azath Nagar 4th Street?

The Sub Registrar Office that covers Azath Nagar 4th 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 when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the financial obligations are based on a fair assessment of the property's value.

Frequently asked questions

What is the current guideline value of Azath Nagar 4th Street?

The current guideline value of Azath Nagar 4th 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 changed from Rs 900 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, representing an overall increase of 322% over the years.

What is the land classification of Azath Nagar 4th Street?

Azath Nagar 4th Street is classified as Residential Class IV Type - III.

Where can I find the Sub Registrar Office for Azath Nagar 4th Street?

The Sub Registrar Office for Azath Nagar 4th Street is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, for a property valued at Rs 38,00,000, the stamp duty would be calculated at 7% of that value.