Guideline Value for AGATHEESWARA STREET

Agatheeswara Street guideline value

The current guideline value of Agatheeswara Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the jurisdiction of the Villivakkam SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Agatheeswara Street has changed

The guideline value for Agatheeswara Street has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 950 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 216%. However, the value saw a decrease to Rs 2,010 per sq.ft in 2017, a drop of 33%. Following this, the value surged to Rs 3,000 per sq.ft in 2023, and then to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year and a 49% increase from 2017.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Agatheeswara Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 247%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft as of 2024. The median guideline value in this area is Rs 4,900 per sq.ft, placing Agatheeswara Street's 2024 value below this median.

• AGATHEESWARAR KOIL 2nd STREET: Rs 3,300 per sq.ft (2024)
• AGATHEESWARAR KOIL 1st Street: Rs 3,300 per sq.ft (2024)
• Agathiyar Nagar: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 10th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 11th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 12th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Agatheeswara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value is 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 fees together to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agatheeswara Street?

The Sub Registrar Office that covers Agatheeswara Street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. It is essential for both parties involved in a property deal to understand how the guideline value affects their financial obligations.

Frequently asked questions

What is the current guideline value for Agatheeswara Street?

The current guideline value for Agatheeswara 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 seen various changes, starting from Rs 950 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, which is an overall increase of 247%.

What is the land classification for Agatheeswara Street?

Agatheeswara Street is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for a property on Agatheeswara Street?

For a 1,000 sq.ft property, the total guideline value is Rs 33,00,000, with stamp duty at 7% amounting to Rs 2,31,000 and registration fees at 2% totaling Rs 66,000, resulting in total fees of Rs 2,97,000.

Which Sub Registrar Office handles transactions for Agatheeswara Street?

The Villivakkam Sub Registrar Office handles transactions for Agatheeswara Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.