Guideline Value for AZHAGIRI SAMY 6TH LANE

Azhagiri Samy 6th Lane guideline value

The current guideline value of Azhagiri Samy 6th Lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This lane is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Azhagiri Samy 6th Lane has changed

The guideline value for Azhagiri Samy 6th Lane has seen several revisions over the years. In 2007, the 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, the value then dropped to Rs 1,675 per sq.ft in 2017, reflecting a decrease of 33%. The value then surged to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,700 per sq.ft in 2024, an increase of 8% from the previous year.

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

Guideline values in Perambur

In Perambur, the guideline values vary across 1,114 streets under the Purasaivakkam SRO, with figures ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which aligns with the current guideline value of Azhagiri Samy 6th Lane.

• Azhagiri Samy 5th Street: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 6th Street: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 5th Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 7th Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 4th Street: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Azhagiri Samy 6th 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, resulting in a total cost of Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Azhagiri Samy 6th Lane?

The Sub Registrar Office that covers Azhagiri Samy 6th Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction price. If the sale price is lower than the guideline value, the duty is charged based on the guideline value, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Azhagiri Samy 6th Lane?

The current guideline value of Azhagiri Samy 6th 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 significantly 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 6th Lane?

Azhagiri Samy 6th Lane is classified as Residential Class III Type - II, which is typical for residential areas in the region.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Azhagiri Samy 6th Lane is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Azhagiri Samy 6th Lane?

The Sub Registrar Office for Azhagiri Samy 6th Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.