Guideline Value for AZHAKANDESHWARAR KOIL STREET

Azhakandeshwarar Koil Street guideline value

The current guideline value of Azhakandeshwarar Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Azhakandeshwarar Koil Street has changed

Looking at the historical guideline values, the 2012 revision recorded a value of Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. This represents a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, marking a rise of 49%. The most recent revision in 2024 shows a further increase to Rs 2,200 per sq.ft, reflecting a 10% increase from 2023.

There are no recorded figures for the years 2002, 2003, and 2007 for Azhakandeshwarar Koil Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. Azhakandeshwarar Koil Street's 2024 guideline value is below this median.

• Azhakandeshwarar Koil 1 St Cross Street: Rs 2,200 per sq.ft (2024)
• Azhakandeshwarar Nagar: Rs 2,200 per sq.ft (2024)
• Azhakandeshwarar Extension: Rs 2,200 per sq.ft (2024)
• AZHAKANDESHWARAR 2nd STREET: Rs 2,200 per sq.ft (2024)
• Azhakandeshwarar 1 St Street: Rs 2,200 per sq.ft (2024)
• Arumugam Avenue: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Azhakandeshwarar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Azhakandeshwarar Koil Street?

The Azhakandeshwarar Koil Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Okkiyamthuraipakkam. It determines the minimum value at which a property can be registered and is used to calculate applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and integrity in real estate transactions.

Frequently asked questions

What is the current guideline value of Azhakandeshwarar Koil Street?

The current guideline value of Azhakandeshwarar Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,000 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 10%. The most significant change occurred between 2017 and 2023, where it increased by 49%.

What is the land classification for Azhakandeshwarar Koil Street?

Azhakandeshwarar Koil Street is classified as Residential Class II Type - III, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in Azhakandeshwarar Koil Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Azhakandeshwarar Koil Street?

The Neelankarai Sub Registrar Office handles registrations for Azhakandeshwarar Koil Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.