Guideline Value for AZHAGIRI SAMY 5TH LANE

Azhagiri Samy 5th Lane guideline value

The current guideline value of Azhagiri Samy 5th 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 it falls under the Residential Class III Type - II land classification.

How the guideline value of Azhagiri Samy 5th Lane has changed

The guideline value for Azhagiri Samy 5th Lane has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 500 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, the value then decreased to Rs 1,675 per sq.ft in 2017, which was a 33% drop. Following this, the value rose sharply to Rs 2,500 per sq.ft in 2023, and again increased by 8% to the current value of Rs 2,700 per sq.ft in 2024.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 440%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur village, there are a total of 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 guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current value of Azhagiri Samy 5th Lane.

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

Stamp duty and registration fee for property in Azhagiri Samy 5th 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. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Azhagiri Samy 5th Lane?

The Azhagiri Samy 5th Lane is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property in Perambur. It serves as a benchmark for calculating the stamp duty and registration fees payable at the time of property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is important for both the buyer and seller. It helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Azhagiri Samy 5th Lane?

The current guideline value of Azhagiri Samy 5th 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 5th Lane?

Azhagiri Samy 5th 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 is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. In the case of Azhagiri Samy 5th Lane, the stamp duty is calculated at 7% of the guideline value.