Guideline Value for A.G.L. NAGAR

A.G.L. Nagar guideline value

The current guideline value of A.G.L. Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of A.G.L. Nagar has changed

The guideline value for A.G.L. Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft. This was followed by a significant increase to Rs 200 per sq.ft in the 2023 revision. The most recent revision in 2024 further raised the value to Rs 220 per sq.ft, marking a 10% increase from the previous year and a total increase of 64% from 2017.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The changes reflect a steady rise in the guideline value over the years, particularly between 2017 and 2024.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft. The median value is Rs 220 per sq.ft, which is equal to the current guideline value of A.G.L. Nagar.

• Ags Nagar: Rs 220 per sq.ft (2024)
• Adiparasakthi Nagar: Rs 220 per sq.ft (2024)
• Alamelu Nagar: Rs 220 per sq.ft (2024)
• Angalaamman Nagar: Rs 330 per sq.ft (2024)
• Annai Rathinamani Avenue/ Nagar: Rs 220 per sq.ft (2024)
• Aringnar Anna Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in A.G.L. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty, calculated at 7%, would be Rs 15,400, while the registration fee at 2% would be Rs 4,400. Together, the total fees would be Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.G.L. Nagar?

The A.G.L. Nagar area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Vallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is taken into account to calculate the applicable stamp duty and registration fees. This ensures transparency and helps in maintaining a standard value for properties within the area.

Frequently asked questions

What is the current guideline value of A.G.L. Nagar?

The current guideline value of A.G.L. Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for properties in A.G.L. Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 19,800.

Which office handles property registrations for A.G.L. Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations for A.G.L. Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

Are there other streets in Vallur with the same guideline value?

Yes, several other streets in Vallur also have a guideline value of Rs 220 per sq.ft, including Ags Nagar, Adiparasakthi Nagar, Alamelu Nagar, Annai Rathinamani Avenue/ Nagar, and Aringnar Anna Nagar.