Guideline Value for AGATHIAR STREET

Agathiar Street guideline value

The current guideline value of Agathiar Street in Pallikaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Agathiar Street has changed

The guideline value for Agathiar Street has seen several revisions over the years. In 2002, the value was Rs 92 per sq.ft, which increased to Rs 109 per sq.ft in 2003, marking an increase of 18%. Following this, the value rose significantly to Rs 400 per sq.ft in 2007, reflecting a change of 267%. The 2012 revision maintained the value at Rs 1,200 per sq.ft, with no change noted until the 2023 revision, which also held steady at Rs 1,200 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figure for Agathiar Street for the year 2017. Overall, from 2002 to 2024, the guideline value has increased by 1,335%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Agathiar Street's 2024 figure below that median.

• Adthavan Nagar: Rs 1,650 per sq.ft (2024)
• Agnilium Nagar: Rs 1,320 per sq.ft (2024)
• Adipuriswarar Koil Street: Rs 1,650 per sq.ft (2024)
• Adipuriswarar 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Adipuriswarar 1st Cross Street: Rs 1,650 per sq.ft (2024)
• A.G.S.Colony: Rs 2,200 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 1,320 per sq.ft, the total guideline value would be 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 cost for these fees to Rs 1,18,800. It is important to note that 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 additional information.

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

The guideline value plays a crucial role in property transactions in Pallikaranai. It is used as a benchmark for determining the minimum value of property for registration purposes, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When buying or selling property, the guideline value is taken into account for calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is legally compliant.

Frequently asked questions

What is the current guideline value for Agathiar Street?

The current guideline value for Agathiar Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Agathiar Street has increased from Rs 92 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1,335% over this period.

What are the other streets in Pallikaranai with their guideline values?

Other streets in Pallikaranai include Adthavan Nagar at Rs 1,650 per sq.ft, Agnilium Nagar at Rs 1,320 per sq.ft, and several others, with values ranging from Rs 1,110 to Rs 8,580 per sq.ft.

What fees are associated with buying property in Agathiar Street?

When purchasing property in Agathiar Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Agathiar Street?

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.