Guideline Value for AZHAGU NACHIAMMAN NAGAR

Azhagu Nachiamman Nagar guideline value

The current guideline value of Azhagu Nachiamman Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Puliyampakkam village, under the Walajabad SRO, classified as Residential Class I Type - I.

How the guideline value of Azhagu Nachiamman Nagar has changed

The guideline value for Azhagu Nachiamman Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision recorded a lower figure of Rs 167 per sq.ft, reflecting a decrease of 33% from the 2012 figure. The 2024 revision again set the value at Rs 250 per sq.ft, showing no change from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable, with an overall change of 0%.

Guideline values in Puliyampakkam

In Puliyampakkam, there are 26 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 550 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the 2024 figure for Azhagu Nachiamman Nagar.

• Astalakshmi Nagar Phase-II: Rs 200 per sq.ft (2024)
• Astalakshmi Nagar: Rs 200 per sq.ft (2024)
• Ashtalakshmi Nagar Phase-1: Rs 200 per sq.ft (2024)
• Ashtalakshmi Nagar Ext-3: Rs 200 per sq.ft (2024)
• A.K Nagar: Rs 200 per sq.ft (2024)
• Aishwaryam Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Azhagu Nachiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, leading to a total of Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Azhagu Nachiamman Nagar?

Azhagu Nachiamman Nagar falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Puliyampakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during property transactions. This value helps in determining the financial obligations associated with the registration process.

Frequently asked questions

What is the current guideline value of Azhagu Nachiamman Nagar?

The current guideline value of Azhagu Nachiamman Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the 2012 and 2023 revisions both set at Rs 250 per sq.ft. The 2017 revision recorded a decrease to Rs 167 per sq.ft, while the 2024 revision returned to Rs 250 per sq.ft.

What is the median guideline value in Puliyampakkam?

The median guideline value in Puliyampakkam is Rs 250 per sq.ft, which is also the value for Azhagu Nachiamman Nagar in 2024.

What are the stamp duty and registration fees for property in Azhagu Nachiamman Nagar?

For a property valued at Rs 2,50,000, the stamp duty is Rs 17,500, and the registration fee is Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Azhagu Nachiamman Nagar?

The Walajabad Sub Registrar Office handles registrations for Azhagu Nachiamman Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.