Guideline Value for AZHAGIRI SAMY 3RD STREET

Azhagiri Samy 3rd Street guideline value

The current guideline value of Azhagiri Samy 3rd Street is Rs 2,700 per sq.ft. This street is located in Perambur village under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Azhagiri Samy 3rd Street has changed

The guideline value for Azhagiri Samy 3rd Street has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 400%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and most recently, it has been revised to Rs 2,700 per sq.ft effective from 1 July 2024, representing an 8% increase from the previous year.

Between 2017 and 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 440%. The years 2002 and 2003 have no figures listed for this street in the register.

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. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Azhagiri Samy 3rd Street.

• Azhagiri Samy 3rd Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 4th Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 2nd Street: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 4th Street: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 2nd Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 5th Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Azhagiri Samy 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Azhagiri Samy 3rd Street?

The Azhagiri Samy 3rd Street 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 property transactions in Perambur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the guideline value to ensure they comply with legal requirements during the transaction process.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the state receives the correct revenue from property transactions.

Frequently asked questions

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

The current guideline value of Azhagiri Samy 3rd 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 significantly from Rs 500 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 440% over the years.

What are the stamp duty and registration fees for this street?

For a property measuring 1,000 sq.ft, the total guideline value would be Rs 27,00,000, leading to a stamp duty of Rs 1,89,000 and a registration fee of Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Azhagiri Samy 3rd Street?

The Purasaivakkam Sub Registrar Office handles registrations for Azhagiri Samy 3rd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the significance of the guideline value in property transactions?

The guideline value is important as it determines the stamp duty and registration fees during property transactions. It ensures that the correct revenue is collected by the state based on the higher of the guideline value or the sale price.