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Guideline Value

Corporate

Guideline Value for DR. AZHAGAPPA CHETTIAR ROAD

₹8800/sq.ft.

The guideline value for Dr. Azhagappa Chettiar Road in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Purasaivakkam

Village

Purasaivakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹7000 /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)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Dr. Azhagappa Chettiar Road

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Dr. Azhagappa Chettiar Road guideline value

The current guideline value of Dr. Azhagappa Chettiar Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This road is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Dr. Azhagappa Chettiar Road has changed

Over the years, the guideline value for Dr. Azhagappa Chettiar Road has seen several revisions. The 2007 revision set the value at Rs 7,000 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012. However, this figure dropped to Rs 5,360 per sq.ft in 2017. The following revision in 2023 raised the value to Rs 8,000 per sq.ft, and the most recent 2024 revision has set it at Rs 8,800 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The 2023 to 2024 revision saw a further increase of 10%. Overall, from 2007 to 2024, the guideline value has increased by 26%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. Dr. Azhagappa Chettiar Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Dr. Azhagappa Chettiar Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 88,00,000. The stamp duty at 7% amounts to Rs 6,16,000, and the registration fee at 2% is Rs 1,76,000, totaling Rs 7,92,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Dr. Azhagappa Chettiar Road?

The Sub Registrar Office that covers Dr. Azhagappa Chettiar Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Purasaivakkam, as it determines the minimum value for registration purposes. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. Accurate knowledge of the guideline value ensures compliance with legal requirements during property registration.

Frequently asked questions

What is the current guideline value of Dr. Azhagappa Chettiar Road?

The current guideline value of Dr. Azhagappa Chettiar Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,000 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, with various revisions in between. Notably, there was a significant increase of 49% from 2017 to 2023.

What is the land classification for Dr. Azhagappa Chettiar Road?

Dr. Azhagappa Chettiar Road is classified as Residential Class I Type - II. This classification impacts the guideline value and property transactions in the area.

Where can I find the Sub Registrar Office for this road?

The Sub Registrar Office for Dr. Azhagappa Chettiar Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 7,92,000 in stamp duty and registration fees.