Guideline Value for Azhagathamman Nagar 2nd Street

Azhagathamman Nagar 2nd Street guideline value

The current guideline value of Azhagathamman Nagar 2nd Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Siruniyam village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Azhagathamman Nagar 2nd Street has changed

Over the years, the guideline value of Azhagathamman Nagar 2nd Street has seen several revisions. The earliest recorded revision is from 2007, with a guideline value of Rs 300 per sq.ft. This increased to Rs 400 per sq.ft in 2012, followed by a decrease to Rs 268 per sq.ft in 2017. The 2023 revision set the value at Rs 400 per sq.ft, and the latest revision in 2024 has increased it to Rs 440 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a notable decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 47%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Siruniyam

In Siruniyam, there are 32 streets under the Redhills SRO that carry 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 is equal to the current guideline value of Azhagathamman Nagar 2nd Street.

• Azhagathamman Nagar 1st 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 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800. Together, the total cost for these fees would be Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Azhagathamman Nagar 2nd Street?

The Azhagathamman Nagar 2nd Street falls under the jurisdiction of the Redhills Sub Registrar Office. The office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for additional details.

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

The guideline value is a crucial factor in the registration process of property transactions in Siruniyam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When you register a property, the guideline value is used to calculate the fees, ensuring that all transactions are in line with the government’s valuation standards. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Azhagathamman Nagar 2nd Street?

The current guideline value of Azhagathamman Nagar 2nd 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, with various increases and decreases in between, including a notable increase of 49% from 2017 to 2023.

What are the other streets in Siruniyam with the same guideline value?

Other streets in Siruniyam with the same guideline value of Rs 440 per sq.ft include Azhagathamman Nagar 1st Street, Bajanai Koil Street, Elshdoy Avenue, and Gangaiamman Koil Street.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 4,40,000, the total fees would amount to Rs 39,600.

Where can I find the Sub Registrar Office for Azhagathamman Nagar 2nd Street?

The Sub Registrar Office covering Azhagathamman Nagar 2nd Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.