Guideline Value

Corporate

Guideline Value for Azhagathamman Nagar

₹1210/sq.ft.

The guideline value for Azhagathamman Nagar in Sembulivaram village (Redhills SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sembulivaram

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Azhagathamman Nagar

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Azhagathamman Nagar guideline value

The current guideline value of Azhagathamman Nagar, located in Sembulivaram village under the Redhills SRO, is Rs 1,210 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Azhagathamman Nagar has changed

Since the 2007 revision, the guideline value for Azhagathamman Nagar has seen significant changes. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,100 per sq.ft in 2012, marking an increase of 83%. However, this value decreased to Rs 737 per sq.ft in 2017, reflecting a decline of 33%. The value then rose sharply to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024, representing a 10% increase from the previous year.

Overall, from 2007 to 2024, there has been a substantial increase of 102% in the guideline value. It is important to note that the register has no figures for Azhagathamman Nagar for the years 2002 and 2003.

Guideline values in Sembulivaram

In Sembulivaram, there are 16 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 1,650 per sq.ft. The median guideline value for these streets is Rs 1,210 per sq.ft, which is equal to the current guideline value of Azhagathamman Nagar.

Stamp duty and registration fee for property in Azhagathamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Azhagathamman Nagar?

The Sub Registrar Office that covers Azhagathamman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sembulivaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value, as the stamp duty is calculated based on this value or the sale price, whichever is higher. This ensures that the transaction is compliant with local regulations and helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Azhagathamman Nagar?

The current guideline value of Azhagathamman Nagar is Rs 1,210 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, showing an overall increase of 102% over the years.

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

Other streets in Sembulivaram that have a guideline value of Rs 1,210 per sq.ft in 2024 include Azhagathamman Street, Bajanai Koil Street, Daffodil Garden, and Eswaran Koil Street.

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

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

How is the stamp duty calculated for properties in Azhagathamman Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700.