Guideline Value for AGATHIYAR LANE

Agathiyar Lane guideline value

The current guideline value of Agathiyar Lane in Zaminpallavaram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Agathiyar Lane has changed

Over the years, the guideline value of Agathiyar Lane has undergone several revisions. The earliest available figure is from 2012, where the guideline value was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then increased to Rs 3,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the guideline value of Agathiyar Lane.

• Agasthiyar Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar lane: Rs 3,300 per sq.ft (2024)
• Agasthiyar Back Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar 3rd Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar 2nd Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Agathiyar Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agathiyar Lane?

The Sub Registrar Office that covers Agathiyar Lane is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

When a property is sold, the guideline value is used to determine the minimum value at which the property can be registered. This helps in maintaining a standard for property transactions in the area.

Frequently asked questions

What is the current guideline value of Agathiyar Lane?

The current guideline value of Agathiyar Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Agathiyar Lane?

Agathiyar Lane is classified as Residential Class I Type - II under the Pallavaram SRO.

Where can I find the Sub Registrar Office for Agathiyar Lane?

The Sub Registrar Office for Agathiyar Lane is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Agathiyar Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.