Guideline Value for AGASTHIYAR STREET

Agasthiyar Street guideline value

The current guideline value of Agasthiyar Street in Zaminpallavaram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Agasthiyar Street has changed

The guideline value for Agasthiyar Street has seen several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 3,000 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Agasthiyar Street. Overall, when comparing the values from 2012 to 2024, there has been a total increase of 10%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, making Agasthiyar Street's 2024 figure equal to this median.

• Agasthiyar lane: Rs 3,300 per sq.ft (2024)
• Agasthiyar Back Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar 3rd Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar 2nd Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar 1st Street: Rs 3,300 per sq.ft (2024)
• Agathiyar Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Agasthiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Agasthiyar Street?

The Agasthiyar Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Zaminpallavaram. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should refer to the guideline value to understand the financial implications of their transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two values is taken into account for calculating the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agasthiyar Street?

The current guideline value of Agasthiyar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Agasthiyar Street?

Agasthiyar Street is classified as Residential Class I Type - II.

Where can I find the registration office for Agasthiyar Street?

The registration office for Agasthiyar Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for properties in Agasthiyar Street?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a total fee of Rs 2,97,000.