Guideline Value for Azhagar City
₹200/sq.ft.
The guideline value for Azhagar City in Karunagaracheri village (Sriperumpudur SRO, Chengalpattu zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Karunagaracheri
Village
Sriperumpudur
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹200 /sq.ft. |
| From 1-4-2023 | ₹200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹134 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹200 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Azhagar City
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Azhagar City guideline value
The current guideline value of Azhagar City, located in Karunagaracheri village under the Sriperumpudur SRO, is Rs 200 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Special Type - I.
How the guideline value of Azhagar City has changed
The guideline value for Azhagar City has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. However, this figure saw a decrease in the 2017 revision, dropping to Rs 134 per sq.ft, which was a decline of 33%. The 2023 revision maintained the value at Rs 200 per sq.ft, and the same value continued into the 2024 revision, showing no change from the previous year.
From the 2012 revision to the 2024 revision, the overall change in the guideline value is 0%. Notably, there were no figures recorded for the years 2002, 2003, and 2007 for this street, indicating that the register has no figure for this street in those years.
Guideline values in Karunagaracheri
In Karunagaracheri village, there are 11 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 300 per sq.ft. The median value among these streets is Rs 200 per sq.ft, and Azhagar City's 2024 figure aligns with this median.
- A.S.K.Nagar Phase -II: Rs 200 per sq.ft (2024)
- A.S.K Nagar: Rs 200 per sq.ft (2024)
- Manthillaiyamman Koil Street: Rs 100 per sq.ft (2024)
- Narayanapuram: Rs 200 per sq.ft (2024)
- Perumal Koil Street: Rs 200 per sq.ft (2024)
- Sasthapuri: Rs 200 per sq.ft (2024)
Stamp duty and registration fee for property in Azhagar City
For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Azhagar City?
The Sub Registrar Office that covers Azhagar City is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Karunagaracheri
The guideline value plays a crucial role when buying or selling property in Karunagaracheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration requirements.
When a property is registered, the guideline value is considered in conjunction with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process adheres to the regulations set by the Registration Department.
Frequently asked questions
What is the current guideline value of Azhagar City?
The current guideline value of Azhagar City is Rs 200 per sq.ft as per the 2024 revision effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has seen various changes, with the 2012 revision at Rs 200 per sq.ft, dropping to Rs 134 per sq.ft in 2017, and then returning to Rs 200 per sq.ft in 2023 and 2024.
What are the other streets in Karunagaracheri with their guideline values?
Other streets in Karunagaracheri include A.S.K.Nagar Phase -II, A.S.K Nagar, Narayanapuram, Perumal Koil Street, and Sasthapuri, all at Rs 200 per sq.ft, while Manthillaiyamman Koil Street is at Rs 100 per sq.ft.
How is stamp duty calculated for properties in Azhagar City?
Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.
Where can I find the Sub Registrar Office for Azhagar City?
The Sub Registrar Office for Azhagar City is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.
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