Guideline Value for AzhagarSwamy Nager

AzhagarSwamy Nager guideline value

The current guideline value of AzhagarSwamy Nager is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sundaracholavaram village under the Kunrathur SRO and is classified as Residential Class I Type - III.

How the guideline value of AzhagarSwamy Nager has changed

The guideline value for AzhagarSwamy Nager has undergone several revisions since 2012. In 2012, the guideline value was Rs 600 per sq.ft, which saw a decrease to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 600 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sundaracholavaram

Sundaracholavaram village has 57 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft. The median value is Rs 660 per sq.ft, making AzhagarSwamy Nager's 2024 figure equal to this median.

• Bajanai koil I st Street: Rs 550 per sq.ft (2024)
• Avadi Paruthippattu Road: Rs 660 per sq.ft (2024)
• Bajanai Koil Street: Rs 550 per sq.ft (2024)
• Bajanai Koil to Koladi link: Rs 660 per sq.ft (2024)
• Balakrishnan Nagar: Rs 880 per sq.ft (2024)
• Balakrishnan naidu street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in AzhagarSwamy Nager

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. 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 detailed calculations.

Which Sub Registrar Office covers AzhagarSwamy Nager?

The Sub Registrar Office that covers AzhagarSwamy Nager is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Sundaracholavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value will influence the overall costs involved, including stamp duty and registration fees. Buyers should be aware of the current guideline value to ensure they are paying a fair amount during the registration process.

Frequently asked questions

What is the current guideline value of AzhagarSwamy Nager?

The current guideline value of AzhagarSwamy Nager is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of AzhagarSwamy Nager?

AzhagarSwamy Nager is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for AzhagarSwamy Nager?

The Sub Registrar Office for AzhagarSwamy Nager is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in AzhagarSwamy Nager?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200.