Guideline Value for AZHAGIRI SAMY 3RD LANE

Azhagiri Samy 3rd Lane guideline value

The current guideline value of Azhagiri Samy 3rd Lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This lane 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 3rd Lane has changed

The guideline value for Azhagiri Samy 3rd Lane 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% rise. However, this value decreased by 33% to Rs 1,675 per sq.ft in the 2017 revision.

From 2017 to 2023, the guideline value increased by 49% to Rs 2,500 per sq.ft. The most recent revision in 2024 has raised the value to Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, the guideline values vary across 1114 streets under the Purasaivakkam SRO, with values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current value of Azhagiri Samy 3rd Lane.

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

Stamp duty and registration fee for property in Azhagiri Samy 3rd 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, making the total cost for these fees 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 3rd Lane?

The Azhagiri Samy 3rd Lane falls under the jurisdiction of 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 in the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Azhagiri Samy 3rd Lane?

The current guideline value of Azhagiri Samy 3rd Lane 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, reflecting an overall increase of 440% over the years.

What is the land classification for Azhagiri Samy 3rd Lane?

Azhagiri Samy 3rd Lane is classified as Residential Class III Type - II.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 2,43,000.