Guideline Value for AZHAHIRI STREET (WARD -8)

Azhahiri Street (Ward -8) guideline value

The current guideline value of Azhahiri Street (Ward -8) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Azhahiri Street (Ward -8) has changed

The guideline value for Azhahiri Street has undergone several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 1,200 per sq.ft. This value remained unchanged until the next revision in 2017, which saw a decrease to Rs 804 per sq.ft. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then to Rs 1,321 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the revisions, the changes are notable. From 2017 to 2023, there was a substantial increase of 49%. The 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft as of 2024. Azhahiri Street's current guideline value of Rs 1,321 per sq.ft is above the median value of Rs 1,100 per sq.ft for the village.

• Ayya Nagar (Sa): Rs 440 per sq.ft (2024)
• Avvaiyar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Avvai Duraisamy Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Bajanai Koil Street (Ward -15): Rs 660 per sq.ft (2024)
• Bajanai Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Bajanai Koil Street (Ward -19): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Azhahiri Street (Ward -8)

For a property measuring 1,000 sq.ft at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, while the registration fee at 2% would be Rs 26,420, bringing the total fees together to Rs 1,18,890. Please 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 details.

Which Sub Registrar Office covers Azhahiri Street (Ward -8)?

The Sub Registrar Office that covers Azhahiri Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ninna Karai, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of the transaction. The registration office will reference this value to ensure that the transaction adheres to the regulations set forth by the state.

Frequently asked questions

What is the current guideline value of Azhahiri Street (Ward -8)?

The current guideline value of Azhahiri Street (Ward -8) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the land classification for Azhahiri Street?

Azhahiri Street (Ward -8) is classified as Residential Special Type - V, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Azhahiri Street?

For a property valued at Rs 13,21,000, the stamp duty would be Rs 92,470, and the registration fee would be Rs 26,420, totaling Rs 1,18,890.

Where is the Sub Registrar Office for Azhahiri Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.