Guideline Value for AGATHEESWARAR KOIL 1st Street

AGATHEESWARAR KOIL 1st Street guideline value

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

How the guideline value of AGATHEESWARAR KOIL 1st Street has changed

The guideline value for AGATHEESWARAR KOIL 1st Street has undergone several revisions over the years. In 2003, the value was Rs 565 per sq.ft, which increased to Rs 950 per sq.ft in 2007. The value saw a significant jump to Rs 3,000 per sq.ft in 2012, followed by a decrease to Rs 2,010 per sq.ft in 2017. The 2023 revision set the value at Rs 3,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 3,300 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents a 10% increase. Notably, the value decreased by 33% from 2012 to 2017. The rise from 2007 to 2012 was remarkable at 216%, and from 2003 to 2007, it increased by 68%. Overall, from 2003 to 2024, the guideline value has risen by 484%. The register has no figure for this street in 2002.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value for AGATHEESWARAR KOIL 1st Street is below this median.

• AGATHEESWARAR KOIL 2nd STREET: Rs 3,300 per sq.ft (2024)
• Agatheeswara 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 AGATHEESWARAR KOIL 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value totals Rs 33,00,000. The stamp duty at 7% amounts to Rs 2,31,000, and the registration fee at 2% is Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers AGATHEESWARAR KOIL 1st Street?

The Sub Registrar Office that covers AGATHEESWARAR KOIL 1st Street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of AGATHEESWARAR KOIL 1st Street?

The current guideline value of AGATHEESWARAR KOIL 1st 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 565 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 484% over these years.

What is the land classification for AGATHEESWARAR KOIL 1st Street?

The land classification for AGATHEESWARAR KOIL 1st Street is Residential Class IV Type - II.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in AGATHEESWARAR KOIL 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000.