Guideline Value for Azhagesan Salai

Azhagesan Salai guideline value

The current guideline value of Azhagesan Salai is Rs 4,125 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village under the Chengleput Joint I SRO, with a land classification of Residential Special Type - III.

How the guideline value of Azhagesan Salai has changed

The guideline value for Azhagesan Salai has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 750 per sq.ft. It increased significantly to Rs 3,750 per sq.ft in 2012, marking a 400% increase. However, from 2012 to 2017, the value decreased to Rs 2,512 per sq.ft, a decline of 33%. The 2023 revision saw another increase to Rs 3,750 per sq.ft, which was then raised to Rs 4,125 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 450%. The 2017 revision was Rs 2,512 per sq.ft, and the 2023 revision was Rs 3,750 per sq.ft, which shows a substantial increase of 49% over that period. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value is Rs 3,025 per sq.ft, placing Azhagesan Salai's 2024 figure above that median.

• Anumanthaputheri Varadharaj Nagar: Rs 2,750 per sq.ft (2024)
• Anumanthaputheri T.V. Tower Road: Rs 1,650 per sq.ft (2024)
• Anumanthaputheri Pillaiyar Koil Street: Rs 2,750 per sq.ft (2024)
• Anumanthaputheri Nadu Street: Rs 1,650 per sq.ft (2024)
• Anumanthaputheri Madurai Veeran Koil Street: Rs 2,420 per sq.ft (2024)
• Anumanthaputheri Adhilakshmi Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Azhagesan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 4,125 per sq.ft, the total guideline value would be Rs 41,25,000. The stamp duty at 7% would amount to Rs 2,88,750, and the registration fee at 2% would be Rs 82,500, bringing the total fees together to Rs 3,71,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Azhagesan Salai?

The Sub Registrar Office that covers Azhagesan Salai is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration process of property transactions in Chengalpattu Town. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable charges. This ensures that the fees reflect the actual value of the property being transferred.

Frequently asked questions

What is the current guideline value of Azhagesan Salai?

The current guideline value of Azhagesan Salai is Rs 4,125 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 4,125 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What is the land classification of Azhagesan Salai?

Azhagesan Salai is classified as Residential Special Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Azhagesan Salai?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 41,25,000, the total fees would amount to Rs 3,71,250.

Which office handles the registration for Azhagesan Salai?

The registration for Azhagesan Salai is handled by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.