Guideline Value for AGATHIAR STREET

Agathiar Street guideline value

The current guideline value of Agathiar Street in Ekkaduthangal village is Rs 4,620 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Agathiar Street has changed

The guideline value of Agathiar Street has seen significant changes over the years. In 2002, the value was Rs 385 per sq.ft, which increased to Rs 444 per sq.ft in 2003, marking a 15% rise. The value continued to grow, reaching Rs 1,000 per sq.ft in 2007, a substantial increase of 125%. By 2012, the value was Rs 4,200 per sq.ft, reflecting a remarkable 320% increase from the previous revision. However, it decreased to Rs 2,814 per sq.ft in 2017, showing a decline of 33%.

In 2023, the guideline value rose to Rs 4,200 per sq.ft, and then further increased to the current value of Rs 4,620 per sq.ft in 2024, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1100%.

Guideline values in Ekkaduthangal

In Ekkaduthangal village, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 4,620 per sq.ft, which is equal to the current value of Agathiar Street.

• Adisan Nagar: Rs 4,620 per sq.ft (2024)
• Achuthan Nagar 6th Cross St: Rs 4,950 per sq.ft (2024)
• Achuthan Nagar 2nd, 3rd, 4th, & 5th Cross Street: Rs 4,950 per sq.ft (2024)
• Achuthan Nagar 1st Cross Street: Rs 4,950 per sq.ft (2024)
• Achuthan Nagar: Rs 4,950 per sq.ft (2024)
• Ambal Nagar 1st Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Agathiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value amounts to Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, and the registration fee at 2% would be Rs 92,400, bringing the total cost together to Rs 4,15,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agathiar Street?

The Sub Registrar Office that covers Agathiar Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial reference when buying or selling property in Ekkaduthangal. It is used to determine the stamp duty and registration fees applicable during the registration process. The guideline value ensures that the transaction is recorded at a fair value as per the government regulations.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Agathiar Street?

The current guideline value of Agathiar Street is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 385 per sq.ft in 2002 to Rs 4,620 per sq.ft in 2024, marking an overall increase of 1100%.

What is the classification of Agathiar Street?

Agathiar Street is classified as Residential Class II Type - I under the Chennai South Joint I SRO.

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

For a property measuring 1,000 sq.ft, the total guideline value is Rs 46,20,000, with a stamp duty of Rs 3,23,400 and a registration fee of Rs 92,400, totaling Rs 4,15,800.

Where is the Sub Registrar Office for Agathiar Street located?

The Sub Registrar Office for Agathiar Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.