Guideline Value for AZEEZ NAGAR MAIN ROAD

Azeez Nagar Main Road guideline value

The current guideline value of Azeez Nagar Main Road is Rs 8,200 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Azeez Nagar Main Road has changed

The guideline value for Azeez Nagar Main Road has undergone several revisions over the years. Starting from Rs 1,062 per sq.ft in 2003, it increased to Rs 2,125 per sq.ft in 2007. This was followed by a significant rise to Rs 7,500 per sq.ft in 2012, which then dropped to Rs 5,025 per sq.ft in 2017. The value saw a substantial increase to Rs 7,500 per sq.ft in 2023, and finally, it reached the current rate of Rs 8,200 per sq.ft in 2024. The register has no figure for this street in 2002.

Between these revisions, notable changes include a 100% increase from 2003 to 2007, a 253% rise from 2007 to 2012, a decrease of 33% from 2012 to 2017, a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024. Overall, the guideline value has increased by 672% from 2003 to 2024.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, making the 2024 figure for Azeez Nagar Main Road above this median.

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

Stamp duty and registration fee for property in Azeez Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, totaling Rs 7,38,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Azeez Nagar Main Road?

The Sub Registrar Office that covers Azeez Nagar Main Road 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 is an essential factor in property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value of Azeez Nagar Main Road?

The current guideline value of Azeez Nagar Main Road is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,062 per sq.ft in 2003 and reaching Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 672%.

What is the land classification for Azeez Nagar Main Road?

Azeez Nagar Main Road is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Azeez Nagar Main Road?

The registration office for Azeez Nagar Main Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 82,00,000, the stamp duty would be Rs 5,74,000 at a rate of 7%.