Guideline Value for Azhagar Perumal Koil Street Block 1, T.S.No.1 to 11

Azhagar Perumal Koil Street Block 1, T.S.No.1 to 11 guideline value

The current guideline value for Azhagar Perumal Koil Street Block 1, T.S.No.1 to 11 is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class III Type - II.

How the guideline value of Azhagar Perumal Koil Street Block 1, T.S.No.1 to 11 has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 272%. However, it then decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. From 2017 to 2023, the value surged to Rs 4,500 per sq.ft, reflecting a 49% increase. The latest revision in 2024 set the value at Rs 4,900 per sq.ft, a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

Kodambakkam village has a total of 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 is Rs 4,900 per sq.ft, which is the same as the current value for Azhagar Perumal Koil Street Block 1, T.S.No.1 to 11.

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

For a 1,000 sq.ft plot at the current rate, the 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, totaling 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. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Azhagar Perumal Koil Street Block 1, T.S.No.1 to 11?

The Azhagar Perumal Koil Street Block 1, T.S.No.1 to 11 is covered by the Ashok Nagar 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 more details.

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

The guideline value serves as a benchmark for property transactions in Kodambakkam. When registering a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. This value is determined by the government and is updated periodically to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value for Azhagar Perumal Koil Street Block 1?

The current guideline value for Azhagar Perumal Koil Street Block 1, T.S.No.1 to 11 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, reflecting an overall increase of 305% over the years.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 4,41,000, which includes Rs 3,43,000 for stamp duty and Rs 98,000 for registration fees.

Which office handles registrations for this area?

The Ashok Nagar Sub Registrar Office handles registrations for Azhagar Perumal Koil Street Block 1, T.S.No.1 to 11, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Azhagar Perumal Koil Street Block 1?

Azhagar Perumal Koil Street Block 1 is classified as Residential Class III Type - II, indicating its use for residential purposes.