Guideline Value for AGATHIAR STREET (WARD -7)

Agathiar Street (Ward -7) guideline value

The current guideline value of Agathiar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Agathiar Street (Ward -7) has changed

Over the years, the guideline value for Agathiar Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 804 per sq.ft. The guideline value then increased significantly to Rs 1,200 per sq.ft in 2023, marking a 49% increase from the 2017 figure. The most recent 2024 revision has further increased this to Rs 1,320 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median guideline value in the village is Rs 1,100 per sq.ft, positioning Agathiar Street's 2024 figure above this median.

• Agayathiyar Street (N): Rs 660 per sq.ft (2024)
• Agayathya Garden (N): Rs 660 per sq.ft (2024)
• Adithiya Garden: Rs 1,320 per sq.ft (2024)
• Abi Shanthosh Nagar: Rs 440 per sq.ft (2024)
• Abi Santhosh Nagar Part-II: Rs 440 per sq.ft (2024)
• Abi Rail Nagar(Kr): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Agathiar Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Agathiar Street (Ward -7)?

The Chengleput Joint II Sub Registrar Office covers Agathiar Street (Ward -7). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value will influence the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agathiar Street?

The current guideline value of Agathiar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Agathiar Street?

Agathiar Street is classified as Residential Special Type - V, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Agathiar Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Where is the Sub Registrar Office for Agathiar Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.