Guideline Value for AZHAGIRI SAMY 2ND LANE

Azhagiri Samy 2nd Lane guideline value

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

How the guideline value of Azhagiri Samy 2nd Lane has changed

Over the years, the guideline value for Azhagiri Samy 2nd Lane has seen significant changes. The 2007 revision recorded a guideline value of Rs 500 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, this value decreased by 33% to Rs 1,675 per sq.ft in 2017. The subsequent revisions showed a substantial increase, with the value rising to Rs 2,500 per sq.ft in 2023, and then reaching the current value of Rs 2,700 per sq.ft in 2024, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 440%.

Guideline values in Perambur

In Perambur village, 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 2nd Lane's current guideline value aligns with this median.

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

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 fees together to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Azhagiri Samy 2nd Lane?

The Sub Registrar Office covering Azhagiri Samy 2nd Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Perambur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling a property, the guideline value is referenced to calculate the applicable duties. If the sale price of the property is higher than the guideline value, the duties will be charged based on the sale price instead.

Frequently asked questions

What is the current guideline value of Azhagiri Samy 2nd Lane?

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

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 500 per sq.ft to Rs 2,700 per sq.ft in 2024, marking an overall increase of 440%.

What is the land classification for Azhagiri Samy 2nd Lane?

Azhagiri Samy 2nd Lane is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for property in Azhagiri Samy 2nd Lane?

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.

Where is the Sub Registrar Office for Azhagiri Samy 2nd Lane located?

The Sub Registrar Office for Azhagiri Samy 2nd Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.