Guideline Value for AGATHIAR STREET (WARD -7)

Agathiar Street (Ward -7) guideline value

The current guideline value of Agathiar Street (Ward -7) in Ninna Karai village is Rs 1,321 per sq.ft, effective from 1 July 2024. This street falls 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

The guideline value for Agathiar Street has undergone several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. Following this, the value saw a significant increase to Rs 1,200 per sq.ft in 2023, and then further increased to Rs 1,321 per sq.ft in 2024, reflecting a rise of 10% between 2023 and 2024. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The most notable change occurred between 2017 and 2023, where the value surged by 49%, bringing it back to the previous level seen in 2012.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value. These values range from Rs 440 to Rs 3,500 per sq.ft, with a median value of Rs 1,100 per sq.ft. Agathiar Street's 2024 guideline value of Rs 1,321 per sq.ft is above this median.

• Agayathiyar Street (N): Rs 1,320 per sq.ft (2024)
• Adithya Nagar Phase - II: Rs 1,321 per sq.ft (2024)
• Adithiya Garden: Rs 1,321 per sq.ft (2024)
• Abi Santhosh Nagar Phase - II: Rs 990 per sq.ft (2024)
• Abi Santhosh Nagar Phase - I: Rs 990 per sq.ft (2024)
• Abi Santhosh Nagar: 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 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, while the registration fee at 2% would be Rs 26,420. Together, the total cost for these fees would be Rs 1,18,890. It is important to note that the 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 Agathiar Street (Ward -7)?

The Sub Registrar Office that covers Agathiar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Ninna Karai

The guideline value plays a crucial role in the registration process when buying or selling property in Ninna Karai. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

When a property is registered, the guideline value is referred to ensure that the transaction aligns with the official rates set by the Registration Department. This helps maintain transparency and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agathiar Street (Ward -7)?

The current guideline value of Agathiar Street (Ward -7) is Rs 1,321 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 1,321 per sq.ft in 2024.

What is the land classification for Agathiar Street?

Agathiar Street is classified as Residential Special Type - V, which indicates its use for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is stamp duty calculated for properties in Ninna Karai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate for stamp duty is 7% of the guideline value.