Guideline Value for SRI AZHAGU THIRUVATHAMMAN NAGAR

Sri Azhagu Thiruvathamman Nagar guideline value

The current guideline value of Sri Azhagu Thiruvathamman Nagar is Rs 101 per sq.ft, effective from 1 July 2024. This locality is situated in Pulipurakoil village and falls under the Madurandakam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Sri Azhagu Thiruvathamman Nagar has changed

The guideline value for Sri Azhagu Thiruvathamman Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft, marking a decrease of 33%. The value then rose significantly to Rs 100 per sq.ft in the 2023 revision, and subsequently increased to Rs 101 per sq.ft in the 2024 revision, reflecting a 1% increase.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 1%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pulipurakoil

In Pulipurakoil, there are six streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 120 per sq.ft, making the current value of Sri Azhagu Thiruvathamman Nagar below this median.

• Sri Sai Nagar: Rs 100 per sq.ft (2024)
• Sakthi Nagar Phase-II: Rs 120 per sq.ft (2024)
• Gokulam Nagar Phase -II: Rs 150 per sq.ft (2024)
• Gokulam Nagar: Rs 120 per sq.ft (2024)
• Durgai Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Azhagu Thiruvathamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value amounts to Rs 1,01,000. The stamp duty at 7% would be Rs 7,070, and the registration fee at 2% would be Rs 2,020, bringing the total to Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Azhagu Thiruvathamman Nagar?

The Sub Registrar Office that covers Sri Azhagu Thiruvathamman Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pulipurakoil. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Azhagu Thiruvathamman Nagar?

The current guideline value of Sri Azhagu Thiruvathamman Nagar is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 101 per sq.ft in 2024. Overall, it has increased by 1% from 2012 to 2024.

What is the median guideline value in Pulipurakoil?

The median guideline value for the streets in Pulipurakoil is Rs 120 per sq.ft, with Sri Azhagu Thiruvathamman Nagar's current value being below this median.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 7,070, and the registration fee would be Rs 2,020, totaling Rs 9,090. These fees are based on the higher of the guideline value or the sale price.

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

The Madurandakam Sub Registrar Office covers Sri Azhagu Thiruvathamman Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.