Guideline Value for Azhagarsamy Nagar

Azhagarsamy Nagar guideline value

The current guideline value of Azhagarsamy Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Azhagarsamy Nagar has changed

Over the years, the guideline value of Azhagarsamy Nagar has seen significant changes. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has further raised the guideline value to Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Azhagarsamy Nagar's 2024 figure below this median.

• Baba Nagar: Rs 1,540 per sq.ft (2024)
• Ashok Nandavanam: Rs 2,860 per sq.ft (2024)
• Arunachaleshwar Nagar: Rs 1,430 per sq.ft (2024)
• Arumugam Nagar: Rs 1,760 per sq.ft (2024)
• Arulmurugan Nagar: Rs 1,210 per sq.ft (2024)
• Arul Jothi Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Azhagarsamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is important to note that 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 Azhagarsamy Nagar?

The Sub Registrar Office that covers Azhagarsamy Nagar 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 Kunrathour-B

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, and it helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Azhagarsamy Nagar?

The current guideline value of Azhagarsamy Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, representing an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in Azhagarsamy Nagar?

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700, and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which Sub Registrar Office handles Azhagarsamy Nagar?

The Kunrathur Sub Registrar Office covers Azhagarsamy Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Where can I find more information about guideline values in Kunrathour-B?

For more information about guideline values in Kunrathour-B, you can refer to the Registration Department's guideline value register (TNReginet).