Guideline Value for AZHAGIRI SAMY STREET

Azhagiri Samy Street guideline value

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

How the guideline value of Azhagiri Samy Street has changed

The guideline value for Azhagiri Samy Street has undergone several revisions over the years. In 2002, the value was Rs 3,536 per sq.ft, which then decreased to Rs 387 per sq.ft in 2003. Following this, the value increased by 29% to Rs 500 per sq.ft in 2007. The 2012 revision saw a significant rise of 400%, bringing the value to Rs 2,500 per sq.ft. However, this was followed by a decrease of 33% in 2017, resulting in a value of Rs 1,675 per sq.ft. The value then increased by 49% to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,700 per sq.ft in 2024, reflecting an 8% increase.

There are no figures available for the revisions in years not mentioned in the provided data.

Guideline values in Perambur

In Perambur village, 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 Street.

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

Stamp duty and registration fee for property in Azhagiri Samy Street

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, making the total cost for these fees 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.

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

Which Sub Registrar Office covers Azhagiri Samy Street?

The Sub Registrar Office that covers Azhagiri Samy Street 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 the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in question. It is essential for buyers to be aware of this value to avoid overpaying and for sellers to set a competitive price based on the guideline value.

Frequently asked questions

What is the current guideline value of Azhagiri Samy Street?

The current guideline value of Azhagiri Samy 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 3,536 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Azhagiri Samy Street?

Azhagiri Samy Street is classified as Residential Class III Type - II.

What is the stamp duty rate for properties in Azhagiri Samy Street?

The stamp duty rate for properties in Azhagiri Samy Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Azhagiri Samy Street?

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