Guideline Value for Azhagar Perumal Koil Cross Street Block 2, T.S.No.1 to 9

Azhagar Perumal Koil Cross Street Block 2, T.S.No.1 to 9 guideline value

The current guideline value for Azhagar Perumal Koil Cross Street Block 2, T.S.No.1 to 9 is Rs 4,900 per sq.ft. This property is located in Kodambakkam village and falls under the Ashok Nagar SRO with a land classification of Residential Class III Type - II.

How the guideline value of Azhagar Perumal Koil Cross Street Block 2, T.S.No.1 to 9 has changed

The guideline value for this street has seen several revisions over the years. The 2007 revision recorded a value of Rs 1,210 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking a rise of 272%. However, the value then decreased to Rs 3,015 per sq.ft in the 2017 revision, reflecting a decline of 33%. The subsequent 2023 revision saw a substantial increase to Rs 4,500 per sq.ft, followed by a further rise to the current value of Rs 4,900 per sq.ft in 2024, which is a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 305%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, which is equal to the current guideline value for Azhagar Perumal Koil Cross Street Block 2.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. 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 Azhagar Perumal Koil Cross Street Block 2, T.S.No.1 to 9?

The Azhagar Perumal Koil Cross Street Block 2, T.S.No.1 to 9 is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a reference point used during the registration of property transactions in Kodambakkam. It helps determine the stamp duty and registration fees applicable for the property being sold or purchased.

When registering a property, the guideline value is compared with the sale price. The duty is charged based on the higher of the two amounts, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Azhagar Perumal Koil Cross Street Block 2?

The current guideline value for Azhagar Perumal Koil Cross Street Block 2, T.S.No.1 to 9 is Rs 4,900 per sq.ft as per the 2024 revision.

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, reflecting an overall increase of 305% over this period.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Azhagar Perumal Koil Cross Street Block 2 is 7%, which is applied to the higher of the guideline value or the sale price.

Which office handles property registrations in this area?

The Ashok Nagar Sub Registrar Office handles property registrations for Azhagar Perumal Koil Cross Street Block 2, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for this property?

The land classification for Azhagar Perumal Koil Cross Street Block 2 is Residential Class III Type - II.