Guideline Value for SRI AZHAGAR NAGAR

Sri Azhagar Nagar guideline value

The current guideline value for Sri Azhagar Nagar, located in Azhakoor village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This land is classified as a New House Site Type -III (Approved Lay-Out).

How the guideline value of Sri Azhagar Nagar has changed

The guideline value for Sri Azhagar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in the 2017 revision, the value was Rs 201 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2023 revision maintained the value at Rs 300 per sq.ft, and the same value was carried forward to the 2024 revision, showing no change.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained stable, with no overall change. The revisions for the years 2002, 2003, and 2007 have no figures listed 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 value for these streets is Rs 225 per sq.ft, placing Sri Azhagar Nagar above this median.

• Sri Jai Vignesh Nagar: Rs 300 per sq.ft (2024)
• Srimathi Sankar Nagar: Rs 200 per sq.ft (2024)
• Sriradi Sai Nagar: Rs 300 per sq.ft (2024)
• Sri Selva Vingnesh Nagar: Rs 300 per sq.ft (2024)
• Sbi Colony: Rs 350 per sq.ft (2024)
• Sri Sundararaja Perumal City: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Azhagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Azhagar Nagar?

The Sub Registrar Office covering Sri Azhagar Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Azhakoor. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is referenced to ensure that the correct fees are applied. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Sri Azhagar Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017 and an increase of 49% from 2017 to 2023.

What are the other streets in Azhakoor and their guideline values?

Other streets in Azhakoor include Sri Jai Vignesh Nagar and Sriradi Sai Nagar, both at Rs 300 per sq.ft, and Srimathi Sankar Nagar at Rs 200 per sq.ft, among others.

How is stamp duty calculated for properties in Sri Azhagar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft incurs a total guideline value of Rs 3,00,000.

Where can I find the Sub Registrar Office for Sri Azhagar Nagar?

The Sub Registrar Office for Sri Azhagar Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO through the provided link.