Guideline Value for Azad Street, Chennai 82

Azad Street, Chennai 82 guideline value

The current guideline value of Azad Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class II Type - I.

How the guideline value of Azad Street, Chennai 82 has changed

The guideline value for Azad Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a rise of 233%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 4,000 per sq.ft in the 2023 revision, and subsequently increased to Rs 4,400 per sq.ft in the 2024 revision, showing a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%. It is important to note that the register has no figures for Azad Street for the years 2002 and 2003.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Azad Street's 2024 value below this median.

• Ayanavaram Salai: Rs 5,500 per sq.ft (2024)
• Babu Raja Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Avvai Nagar, Chennai 82: Rs 4,400 per sq.ft (2024)
• Avvai Nagar 2nd Street, G.K.M.COLONY: Rs 4,400 per sq.ft (2024)
• Arumuga naicker Street: Rs 4,400 per sq.ft (2024)
• Arulappa Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Azad Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Azad Street, Chennai 82?

The Sub Registrar Office that covers Azad Street, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with government regulations.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the state receives appropriate revenue from property transactions, thereby maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Azad Street, Chennai 82?

The current guideline value of Azad Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 267% over the years.

What is the registration office for Azad Street, Chennai 82?

The registration office for Azad Street, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty rates applicable for properties in Ayanavaram?

The stamp duty for properties in Ayanavaram is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.