Guideline Value for AZHAGIRI SAMY 1ST STREET

Azhagiri Samy 1st Street guideline value

The current guideline value of Azhagiri Samy 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Azhagiri Samy 1st Street has changed

The guideline value for Azhagiri Samy 1st Street has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% increase. However, this value decreased by 33% to Rs 1,675 per sq.ft in the 2017 revision. The next revision in 2023 raised the value to Rs 2,500 per sq.ft, and the most recent 2024 revision has set it at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 440%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with the median value being Rs 2,700 per sq.ft. Azhagiri Samy 1st Street's 2024 guideline value aligns with this median.

• Azhagiri Samy 1st Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 2nd Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 2nd Street: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 3rd Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 3rd Street: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 4th Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Azhagiri Samy 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Azhagiri Samy 1st Street?

The Sub Registrar Office that covers Azhagiri Samy 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO online for more information.

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

The guideline value is a crucial factor in property transactions in Perambur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value serves as a benchmark for the transaction, ensuring that the property is not undervalued for registration purposes. It is essential for all parties involved to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Azhagiri Samy 1st Street?

The current guideline value of Azhagiri Samy 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, showing a significant overall increase of 440% over the years.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registrations for Azhagiri Samy 1st Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Azhagiri Samy 1st Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Azhagiri Samy 1st Street?

Azhagiri Samy 1st Street is classified as Residential Class III Type - II.