Guideline Value for AZHAGIRI SAMY 4TH STREET

Azhagiri Samy 4th Street guideline value

The current guideline value of Azhagiri Samy 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Azhagiri Samy 4th Street has changed

Over the years, the guideline value of Azhagiri Samy 4th Street has seen several revisions. The 2007 revision recorded a value of Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a 400% increase. However, the 2017 revision saw a decrease to Rs 1,675 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 2,500 per sq.ft in the 2023 revision, followed by another increase to the current rate of Rs 2,700 per sq.ft in the 2024 revision, which is an 8% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 value, there has been an impressive increase of 440%. It is important to note that the guideline value register does not have figures 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. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of Azhagiri Samy 4th Street.

• Azhagiri Samy 4th Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 5th Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 3rd Street: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 5th Street: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 3rd Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 6th Lane: Rs 2,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the 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 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.

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

Which Sub Registrar Office covers Azhagiri Samy 4th Street?

The Azhagiri Samy 4th 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 is a crucial factor in property transactions in Perambur. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

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

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

The land classification for Azhagiri Samy 4th Street is 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 is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at a rate of 7%.