Guideline Value for AZHAGESAN NAGAR

Azhagesan Nagar guideline value

The current guideline value of Azhagesan Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Kolapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Azhagesan Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 230 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in 2012, marking an increase of 552%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 1,500 per sq.ft, resulting in an overall increase of 49% from 2017.

It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street. Therefore, the only available revisions are from 2007, 2012, 2017, and 2023.

Guideline values in Kolapakkam

Currently, there are no specific village figures available for Kolapakkam. Azhagesan Nagar is one of the streets under this area, and there are no other streets in Kolapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Azhagesan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Azhagesan Nagar?

The Sub Registrar Office that covers Azhagesan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate fees are levied based on the current rates. This process helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Azhagesan Nagar?

The current guideline value of Azhagesan Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

Is there any guideline value available for the years 2002 and 2003?

No, the register has no figures for the years 2002 and 2003 for Azhagesan Nagar.

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

The stamp duty for a property in Azhagesan Nagar is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot valued at Rs 15,00,000, the total fees would amount to Rs 1,35,000.

Which office should I visit for registration in Azhagesan Nagar?

You should visit the Gooduvancheri Sub Registrar Office located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone for registration of properties in Azhagesan Nagar.