Guideline Value for Azhagar Perumal Koil 2nd Street

Azhagar Perumal Koil 2nd Street guideline value

The current guideline value of Azhagar Perumal Koil 2nd Street is Rs 4,900 per sq.ft. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Azhagar Perumal Koil 2nd Street has changed

The guideline value for Azhagar Perumal Koil 2nd Street has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 1,210 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 272%. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, a drop of 33%. The value rose again to Rs 4,500 per sq.ft in 2023, and with the latest revision in 2024, it stands at Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 305%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current value of Azhagar Perumal Koil 2nd Street.

• Azhagar Perumal 2nd Lane: Rs 4,900 per sq.ft (2024)
• Azhagar Perumal Koil Cross Street Block 2, T.S.No.1 to 9: Rs 4,900 per sq.ft (2024)
• Azhagar Perumal 1st Lane: Rs 4,900 per sq.ft (2024)
• Azhagar Perumal Koil Street Block 1, T.S.No.1 to 11: Rs 4,900 per sq.ft (2024)
• Azhagar Perumal Street: Rs 4,900 per sq.ft (2024)
• Ayyavu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Azhagar Perumal Koil 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total cost for these fees Rs 4,41,000. 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 more precise calculations.

Which Sub Registrar Office covers Azhagar Perumal Koil 2nd Street?

The Azhagar Perumal Koil 2nd Street falls under the Ashok Nagar Sub Registrar Office located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, which is near the Nolambur Eb Office. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that these charges are calculated fairly based on the property's value.

When buying or selling property, the guideline value helps in establishing a transparent and standardized process for both parties involved. It is essential to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Azhagar Perumal Koil 2nd Street?

The current guideline value of Azhagar Perumal Koil 2nd Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 305% over the years.

What is the land classification for Azhagar Perumal Koil 2nd Street?

Azhagar Perumal Koil 2nd Street is classified as Residential Class III Type - II.

Where can I find the registration office for Azhagar Perumal Koil 2nd Street?

The registration office for Azhagar Perumal Koil 2nd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Kodambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 49,00,000, the stamp duty at 7% would be Rs 3,43,000.