Guideline Value for AZHAGIRI SAMY 8TH STREET

Azhagiri Samy 8th Street guideline value

The current guideline value of Azhagiri Samy 8th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. 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 8th Street has changed

The guideline value for Azhagiri Samy 8th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 1,675 per sq.ft in 2017. This marked a substantial rise of 235%. Following that, the value continued to climb to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an 8% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 440%.

Guideline values in Perambur

In Perambur, the guideline values for 1114 streets under the Purasaivakkam SRO range from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Azhagiri Samy 8th Street's 2024 guideline value aligns perfectly with this median.

• Azhagiri Samy 8th Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy Road All Streets: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 7th Street: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 7th Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 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 8th 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, 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.

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

Which Sub Registrar Office covers Azhagiri Samy 8th Street?

The Azhagiri Samy 8th 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 information.

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

The guideline value is an essential factor during the registration process when buying or selling property in Perambur. It helps determine the stamp duty and registration fees that need to be paid, ensuring a standardized approach to property transactions.

When a property is registered, the guideline value serves as a reference point, and the applicable duties are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Azhagiri Samy 8th Street?

The current guideline value of Azhagiri Samy 8th 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 1,675 in 2017, then to Rs 2,500 in 2023, and finally to Rs 2,700 in 2024. This represents an overall increase of 440% from 2007 to 2024.

What is the land classification for Azhagiri Samy 8th Street?

The land classification for Azhagiri Samy 8th Street is Residential Class III Type - II.

What are the stamp duty and registration fees for property in Azhagiri Samy 8th Street?

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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Azhagiri Samy 8th Street located?

The Sub Registrar Office that covers Azhagiri Samy 8th Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.