Guideline Value for AZHAGIRI SAMY 4TH LANE

Azhagiri Samy 4th Lane guideline value

The current guideline value for Azhagiri Samy 4th Lane 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 4th Lane has changed

The guideline value for Azhagiri Samy 4th Lane has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 500 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, the value decreased to Rs 1,675 per sq.ft in 2017, reflecting a 33% drop. The subsequent revision in 2023 saw an increase to Rs 2,500 per sq.ft, and the latest revision in 2024 brought it to Rs 2,700 per sq.ft, which is an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 440%. Notably, there are no figures available for the revisions in 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. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the guideline value for Azhagiri Samy 4th Lane.

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

Stamp duty and registration fee for property in Azhagiri Samy 4th Lane

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, 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 or the sale price.

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

Which Sub Registrar Office covers Azhagiri Samy 4th Lane?

The Azhagiri Samy 4th 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 is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the costs involved in the transaction, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Azhagiri Samy 4th Lane?

The current guideline value of Azhagiri Samy 4th 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, marking an overall increase of 440% over the years.

What are the stamp duty and registration fees for property in Azhagiri Samy 4th 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.

Which Sub Registrar Office covers Azhagiri Samy 4th Lane?

Azhagiri Samy 4th Lane is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Azhagiri Samy 4th Lane?

Azhagiri Samy 4th Lane is classified as Residential Class III Type - II, indicating its suitability for residential developments.