Guideline Value for Azhagathamman Nagar 1st Street

Azhagathamman Nagar 1st Street guideline value

The current guideline value of Azhagathamman Nagar 1st Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Siruniyam village under the Redhills SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Azhagathamman Nagar 1st Street has changed

Over the years, the guideline value of Azhagathamman Nagar 1st Street has seen several revisions. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 400 per sq.ft in 2012, marking a 33% rise. However, the value dropped to Rs 268 per sq.ft in the 2017 revision, a decrease of 33%. In the 2023 revision, the value increased significantly to Rs 400 per sq.ft, followed by a further increase to Rs 440 per sq.ft in the 2024 revision, representing a 10% rise.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 47%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Siruniyam

In Siruniyam, there are 32 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median value is Rs 440 per sq.ft, which aligns with the 2024 guideline value of Azhagathamman Nagar 1st Street.

• Azhagathamman Nagar 2nd Street: Rs 440 per sq.ft (2024)
• Bajanai Koil Street: Rs 440 per sq.ft (2024)
• Anchaneyar Koil Street: Rs 330 per sq.ft (2024)
• Elshdoy Avenue: Rs 440 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 440 per sq.ft (2024)
• Grish Blue Diamond: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Azhagathamman Nagar 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Azhagathamman Nagar 1st Street?

The Azhagathamman Nagar 1st Street falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Siruniyam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. It is essential to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Azhagathamman Nagar 1st Street?

The current guideline value of Azhagathamman Nagar 1st Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, showing an overall increase of 47% over the years.

What are the other streets in Siruniyam with similar guideline values?

Other streets in Siruniyam with a guideline value of Rs 440 per sq.ft include Azhagathamman Nagar 2nd Street, Bajanai Koil Street, Elshdoy Avenue, and Gangaiamman Koil Street.

Where can I find the Redhills Sub Registrar Office?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Azhagathamman Nagar 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at 7%.