Guideline Value for AZEESH NAGAR

Azeesh Nagar guideline value

The current guideline value of Azeesh Nagar is Rs 1,850 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village under the Kunrathur SRO, with a land classification of Mixed Type - II.

How the guideline value of Azeesh Nagar has changed

The guideline value for Azeesh Nagar has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,675 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision marked an increase to Rs 1,850 per sq.ft, reflecting a 10% rise from the previous year.

Prior to the 2017 revision, the register has no figures for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value increased by 10%.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Azeesh Nagar's 2024 figure below that median.

• Ayyan Nagar: Rs 1,540 per sq.ft (2024)
• Bajanai Koil Street Ragunathapuram: Rs 1,540 per sq.ft (2024)
• Bajanai Koil Street Vannier pattu: Rs 1,540 per sq.ft (2024)
• A.S.R.city: Rs 1,540 per sq.ft (2024)
• A.S. Nagar: Rs 1,540 per sq.ft (2024)
• Balaji Avenue: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Azeesh Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,850 per sq.ft, the guideline value amounts to Rs 18,50,000. The stamp duty at 7% would be Rs 1,29,500, and the registration fee at 2% would be Rs 37,000, totaling Rs 1,66,500. 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 information.

Which Sub Registrar Office covers Azeesh Nagar?

Azeesh Nagar falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor in property transactions in Mangadu -A. It serves as a benchmark for determining the minimum value of a property, which is used for calculating stamp duty and registration fees during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Azeesh Nagar?

The current guideline value of Azeesh Nagar is Rs 1,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 1,850 per sq.ft in 2024, marking a 10% increase. There was no change in the value from 2017 to 2023.

What is the median guideline value in Mangadu -A?

The median guideline value for the 208 streets in Mangadu -A is Rs 1,870 per sq.ft, making Azeesh Nagar's value below this median.

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

For a property valued at Rs 18,50,000, the stamp duty would be Rs 1,29,500, and the registration fee would be Rs 37,000, totaling Rs 1,66,500.

Which office handles registrations for Azeesh Nagar?

The Kunrathur Sub Registrar Office handles registrations for Azeesh Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.