Guideline Value for Azhaganandam Nagar

Azhaganandam Nagar guideline value

The current guideline value of Azhaganandam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village is under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Azhaganandam Nagar has changed

The guideline value for Azhaganandam Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent 2024 revision has further increased this value to Rs 1,100 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting the significant changes in the guideline value over time.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Azhaganandam Nagar.

• Balaji Nagar: Rs 1,100 per sq.ft (2024)
• Arunachalam Nagar: Rs 1,100 per sq.ft (2024)
• Bangaru Amman Colony: Rs 1,100 per sq.ft (2024)
• Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Annamalai Nagar: Rs 875 per sq.ft (2024)
• Annai Subu Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Azhaganandam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Azhaganandam Nagar?

Azhaganandam Nagar is covered by the Kanchipuram Joint II Sub Registrar Office located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value plays a crucial role during the registration of property transactions in Sevilimadu - A. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official value set by the government.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly affect the overall expenses involved in the transaction. Buyers and sellers should ensure that they are informed about the latest revisions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Azhaganandam Nagar?

The current guideline value of Azhaganandam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64%.

What is the stamp duty for properties in Azhaganandam Nagar?

The stamp duty for properties in Azhaganandam Nagar is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000.

Which office handles property registration in Azhaganandam Nagar?

The Kanchipuram Joint II Sub Registrar Office handles property registration in Azhaganandam Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What are the other streets with similar guideline values in Sevilimadu - A?

Several other streets in Sevilimadu - A have the same guideline value of Rs 1,100 per sq.ft, including Balaji Nagar, Arunachalam Nagar, Bangaru Amman Colony, Bharathi Nagar, and Annai Subu Nagar.