Guideline Value for Azhvar Nagar 4th Street

Azhvar Nagar 4th Street guideline value

The current guideline value of Azhvar Nagar 4th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village and falls under the Alandur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Azhvar Nagar 4th Street has changed

Over the years, the guideline value of Azhvar Nagar 4th Street has seen several revisions. The earliest recorded value was Rs 332 per sq.ft in 2002, which increased to Rs 382 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,200 per sq.ft in 2007, and then it further increased to Rs 2,500 per sq.ft in 2012. However, the value decreased to Rs 1,675 per sq.ft in 2017. The guideline value then rose to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 2,800 per sq.ft.

In terms of percentage changes, from 2017 to 2023, there was an increase of 49%. The value saw a decrease of 33% from 2012 to 2017, while it increased by 108% from 2007 to 2012. There was a remarkable rise of 214% from 2003 to 2007 and a modest increase of 15% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 743%. There are no figures available for any other revisions for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 2,800 per sq.ft, which is equal to the guideline value of Azhvar Nagar 4th Street.

• Azhvar Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• Azhvar Nagar Main: Rs 2,800 per sq.ft (2024)
• Azhvar Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Azhvar Nagar 2nd Cross Street: Rs 2,800 per sq.ft (2024)
• Azhvar Nagar 1st Street: Rs 2,800 per sq.ft (2024)
• Avvai Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Azhvar Nagar 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Azhvar Nagar 4th Street?

The Sub Registrar Office that covers Azhvar Nagar 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which is essential for legal and financial purposes. It is advisable for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Azhvar Nagar 4th Street?

The current guideline value of Azhvar Nagar 4th Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 332 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting a total increase of 743% over the years.

What is the land classification for Azhvar Nagar 4th Street?

Azhvar Nagar 4th Street is classified as Residential Class II Type - I, indicating its designation for residential purposes.

What are the other guideline values in Ullagaram?

In Ullagaram, other streets have a guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with Azhvar Nagar 4th Street's value being equal to the median of Rs 2,800 per sq.ft.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.