Guideline Value for Azhakoor Palla Street

Azhakoor Palla Street guideline value

The current guideline value of Azhakoor Palla Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Azhakoor village, under the jurisdiction of the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Azhakoor Palla Street has changed

Over the years, the guideline value of Azhakoor Palla Street has seen several revisions. The 2012 revision set the value at Rs 80 per sq.ft, which was later adjusted to Rs 54 per sq.ft in 2017. Following this, the 2023 revision increased the value significantly to Rs 100 per sq.ft. The most recent revision in 2024 has seen a substantial rise to Rs 250 per sq.ft, marking a 150% increase from the previous year.

In summary, the changes from the earlier revisions are notable. From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 85%. Overall, from 2012 to 2024, the guideline value has risen by 213%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Azhakoor

Azhakoor village has 18 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 350 per sq.ft. The median guideline value for these streets is Rs 225 per sq.ft, placing Azhakoor Palla Street above this median.

• Bajanai Koil Street: Rs 141 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 175 per sq.ft (2024)
• Mettu Street: Rs 100 per sq.ft (2024)
• Padasalai Street: Rs 160 per sq.ft (2024)
• Pallatheru: Rs 250 per sq.ft (2024)
• Perumal Koil Street: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Azhakoor Palla Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Azhakoor Palla Street?

The Sub Registrar Office that covers Azhakoor Palla Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Azhakoor. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a fair value as per government regulations.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Azhakoor Palla Street?

The current guideline value of Azhakoor Palla Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 80 per sq.ft in 2012 to Rs 250 per sq.ft in 2024, reflecting an overall increase of 213% over the years.

What are the stamp duty and registration fees for properties in Azhakoor Palla Street?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which Sub Registrar Office covers Azhakoor Palla Street?

The Sriperumpudur Sub Registrar Office covers Azhakoor Palla Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the significance of the guideline value when buying or selling property?

The guideline value is used to determine the minimum value for calculating stamp duty and registration fees during property transactions, ensuring compliance with government regulations.