Guideline Value for Azhagiri 3rd Street

Azhagiri 3rd Street guideline value

The current guideline value of Azhagiri 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Azhagiri 3rd Street has changed

The guideline value for Azhagiri 3rd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, which is a 10% increase from the 2023 revision of Rs 3,500 per sq.ft. Notably, there was no change in the guideline value from the 2012 revision, which also stood at Rs 3,500 per sq.ft.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2017 for Azhagiri 3rd Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,850 per sq.ft, which is equal to the current value of Azhagiri 3rd Street.

• Azhagiri 2nd Street: Rs 3,850 per sq.ft (2024)
• Azhagiri 1st Street: Rs 3,850 per sq.ft (2024)
• Azhagiri Street: Rs 3,850 per sq.ft (2024)
• AZHVAR THIRUNAGAR - Agasthiar Street: Rs 4,950 per sq.ft (2024)
• Azhvarthirunagar Annexe 1st Street: Rs 4,950 per sq.ft (2024)
• Azhvarthirunagar Annexe 2 nd Main Road: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Azhagiri 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Azhagiri 3rd Street?

The Azhagiri 3rd Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Valasaravakkam. It is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value acts as a benchmark, and the fees are calculated based on this value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed according to the established values.

Frequently asked questions

What is the current guideline value of Azhagiri 3rd Street?

The current guideline value of Azhagiri 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 3,500 per sq.ft from 2012 to 2023 and increased to Rs 3,850 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the land classification for Azhagiri 3rd Street?

Azhagiri 3rd Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for Azhagiri 3rd Street?

The registration office covering Azhagiri 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Azhagiri 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,46,500.