Guideline Value for AGATHIYA NAGAR

Agathiya Nagar guideline value

The current guideline value of Agathiya Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Agathiya Nagar has changed

The guideline value of Agathiya Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 900 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking an increase of 178%. However, the value dropped to Rs 1,675 per sq.ft in 2017, reflecting a decrease of 33%. The most recent revisions show an increase to Rs 2,500 per sq.ft in 2023, followed by a further rise to Rs 2,750 per sq.ft in 2024, representing a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 206%. It is important to note that there are no recorded figures for Agathiya Nagar in the years 2002 and 2003.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that have a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value is Rs 3,100 per sq.ft, which means Agathiya Nagar's 2024 figure is below this median.

• Agathiar Street: Rs 2,750 per sq.ft (2024)
• A.K.R. Garden: Rs 3,100 per sq.ft (2024)
• Alagapuri 1st Avenue: Rs 3,550 per sq.ft (2024)
• Alagapuri 1st Main Road: Rs 3,550 per sq.ft (2024)
• Alagapuri 2nd Avenue: Rs 3,550 per sq.ft (2024)
• Alagapuri 2nd Main Road: Rs 3,550 per sq.ft (2024)

Stamp duty and registration fee for property in Agathiya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 more details.

Which Sub Registrar Office covers Agathiya Nagar?

Agathiya Nagar falls under the Chennai South Joint II 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 Ramapuram

The guideline value is a crucial factor in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agathiya Nagar?

The current guideline value of Agathiya Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 900 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 206%.

What are the stamp duty and registration fees for property in Agathiya Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 27,50,000, the total fees would amount to Rs 2,47,500.

Which Sub Registrar Office covers Agathiya Nagar?

Agathiya Nagar is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the guideline value determined in Ramapuram?

The guideline value in Ramapuram is determined by the Registration Department's guideline value register, which is updated periodically based on various factors. It serves as a reference for property transactions in the area.