Guideline Value for AGARAM MAIN ROAD

Agaram Main Road guideline value

The current guideline value of Agaram Main Road in Thiruvancheri village is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class I Type - IV.

How the guideline value of Agaram Main Road has changed

The guideline value for Agaram Main Road has seen several revisions over the years. The 2012 revision recorded a value of Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is a 10% increase. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Agaram Main Road's 2024 value above this median.

• Abdul Kalab Street: Rs 1,980 per sq.ft (2024)
• Ambedkar Street: Rs 1,100 per sq.ft (2024)
• Annai Indira Street: Rs 1,980 per sq.ft (2024)
• Anna Street: Rs 2,530 per sq.ft (2024)
• Babu Jaga Jeevaram Street: Rs 1,980 per sq.ft (2024)
• Bajani Kovil Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Agaram Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agaram Main Road?

The Agaram Main Road is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Thiruvancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation of properties. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Agaram Main Road?

The current guideline value of Agaram Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on Agaram Main Road?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Agaram Main Road?

The Pallavaram Sub Registrar Office covers Agaram Main Road, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Agaram Main Road?

Agaram Main Road is classified as Residential Class I Type - IV, indicating its suitability for residential development.