Guideline Value for SRI AZHAGAR CITY

Sri Azhagar City guideline value

The current guideline value for Sri Azhagar City is Rs 2,300 per sq.ft, effective from 1 July 2024. This area is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class II Type - IV.

How the guideline value of Sri Azhagar City has changed

The guideline value for Sri Azhagar City has remained at Rs 2,300 per sq.ft for both the 2023 and 2024 revisions. Prior to these, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

From the 2023 revision to the 2024 revision, there has been no change in the guideline value, maintaining a consistent rate of Rs 2,300 per sq.ft. This stability indicates that the valuation has not fluctuated during this period.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Sri Azhagar City is above this median, reflecting its relative positioning within the area.

• Sri. Bavani Nagar: Rs 1,600 per sq.ft (2024)
• Sri. Bavani Nagar Extn: Rs 1,600 per sq.ft (2024)
• Sri. Bavani Nagar Extn - 2: Rs 1,600 per sq.ft (2024)
• Sri. Bavani Nagar Extn - 3: Rs 1,100 per sq.ft (2024)
• Sri . Devi Karumari Amman Nagar: Rs 880 per sq.ft (2024)
• Sri Ganapthy Avenue: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Azhagar City

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value amounts to Rs 23,00,000. The stamp duty at 7% would be Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, bringing the total to Rs 2,07,000. 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 Sri Azhagar City?

The Sub Registrar Office that covers Sri Azhagar City is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayappakkam. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees that need to be paid.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during the registration process. This ensures that the transaction is in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Azhagar City?

The current guideline value of Sri Azhagar City is Rs 2,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Azhagar City has remained at Rs 2,300 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

What is the stamp duty for property in Sri Azhagar City?

The stamp duty for property in Sri Azhagar City is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 23,00,000, the stamp duty would amount to Rs 1,61,000.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property. It affects the stamp duty and registration fees during the buying or selling process, ensuring compliance with local regulations.