Guideline Value for A.G.T.NAGAR

A.G.T.Nagar guideline value

The current guideline value of A.G.T.Nagar, located in Paruthipattu village under the Avadi SRO, is Rs 1,625 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

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

The guideline value for A.G.T.Nagar has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This increased to Rs 804 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 1,500 per sq.ft, reflecting an increase of 87%. The most recent revision in 2024 brought the value to Rs 1,625 per sq.ft, which is an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 35%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value in this village is Rs 1,625 per sq.ft, which is equal to the current value of A.G.T.Nagar.

• A.K.Garden Srinivasa Nagar Extn (P.H.Road): Rs 950 per sq.ft (2024)
• Agharam St: Rs 1,650 per sq.ft (2024)
• Adhithanar St: Rs 1,625 per sq.ft (2024)
• Adhi Parasakthi Nagar: Rs 950 per sq.ft (2024)
• Adhi Dravid Kudiyiruppu: Rs 950 per sq.ft (2024)
• Ambedkar St: Rs 950 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, while the registration fee at 2% would be Rs 32,500. Together, the total cost for stamp duty and registration would be Rs 1,46,250. It is important to note that 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 precise calculations.

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

A.G.T.Nagar falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property, which can influence negotiations and final sale prices. It is essential to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value of A.G.T.Nagar is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,200 per sq.ft in 2012 to Rs 1,625 per sq.ft in 2024, reflecting an overall increase of 35% over this period.

What is the land classification of A.G.T.Nagar?

A.G.T.Nagar is classified as Residential Special Type - I, indicating its designation for residential development.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated in A.G.T.Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,25,000 would incur a stamp duty of Rs 1,13,750.