Guideline Value for AZHAGIRI SAMY ROAD ALL STREETS

Azhagiri Samy Road All Streets guideline value

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

How the guideline value of Azhagiri Samy Road All Streets has changed

The guideline value for Azhagiri Samy Road All Streets has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft. This figure increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, it decreased to Rs 1,675 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,700 per sq.ft in 2024, reflecting an 8% increase from the previous year.

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

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with the 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is the same as the guideline value for Azhagiri Samy Road All Streets.

• Azhagiri Samy 8th Street: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 8th Lane: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy Street: 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 6th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Azhagiri Samy Road All Streets

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 cost for these fees 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Azhagiri Samy Road All Streets?

The Sub Registrar Office that covers Azhagiri Samy Road All Streets is 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 crucial factor during property transactions in Perambur. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers and sellers must reference the guideline value to ensure compliance with local regulations and to accurately calculate the costs involved in the transaction.

When a property is sold, the guideline value serves as a benchmark for the minimum price at which the property can be registered. It ensures that the government receives appropriate revenue through stamp duty and registration fees based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Azhagiri Samy Road All Streets?

The current guideline value for Azhagiri Samy Road All Streets 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 are the stamp duty and registration fees for properties in this area?

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 office handles property registrations in this area?

The Purasaivakkam Sub Registrar Office handles property registrations for Azhagiri Samy Road All Streets, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Azhagiri Samy Road All Streets?

The land classification for Azhagiri Samy Road All Streets is Residential Class III Type - II.