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 Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

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

Over the years, the guideline value of Agathiar Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. Following this, the guideline value increased to Rs 1,200 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The most recent revision in 2024 has further increased the value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Agathiar Street's 2024 figure above that median.

• Agayathiyar Street (N): Rs 661 per sq.ft (2024)
• Agayathya Garden (N): Rs 661 per sq.ft (2024)
• Adithiya Garden: Rs 1,320 per sq.ft (2024)
• Abi Rail Nagar(Kr): Rs 990 per sq.ft (2024)
• Alayamman Koil Street (Ward -19): Rs 550 per sq.ft (2024)
• Ambedkar Street (Ward -3): Rs 661 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 amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges 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.

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 Peramanoor

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal and tax purposes.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This value helps in maintaining transparency in property transactions and ensures compliance with local regulations.

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 1,320 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 2023 to Rs 1,320 per sq.ft in 2024. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Agathiar Street?

The land classification for Agathiar Street (Ward -7) is Residential Special Type - V.

Where can I find the registration office for Agathiar Street?

The registration office for Agathiar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Agathiar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 13,20,000, leading to a stamp duty of Rs 92,400 at 7%.