Guideline Value for AGATHIYAR NAGAR 11th STREET

AGATHIYAR NAGAR 11th STREET guideline value

The current guideline value for AGATHIYAR NAGAR 11th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village under the Villivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of AGATHIYAR NAGAR 11th STREET has changed

Over the years, the guideline value for AGATHIYAR NAGAR 11th STREET has seen several revisions. The guideline value was Rs 1,750 per sq.ft in 2007, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 157% rise. However, it fell to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 4,500 per sq.ft in 2023, before reaching the current value of Rs 4,900 per sq.ft in 2024, reflecting a 9% increase.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 180%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO carrying a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is equal to the current value for AGATHIYAR NAGAR 11th STREET.

• AGATHIYAR NAGAR 10th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 12th STREET: Rs 4,900 per sq.ft (2024)
• Agathiyar Nagar: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 13th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 14th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 15th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in AGATHIYAR NAGAR 11th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total cost for these fees Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers AGATHIYAR NAGAR 11th STREET?

The AGATHIYAR NAGAR 11th STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the property registration process in Villivakkam. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for AGATHIYAR NAGAR 11th STREET?

The current guideline value for AGATHIYAR NAGAR 11th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,750 per sq.ft in 2007, rising to Rs 4,500 per sq.ft in 2012, then decreasing to Rs 3,015 per sq.ft in 2017, and increasing to Rs 4,500 per sq.ft in 2023 before reaching Rs 4,900 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000, and the registration fee would be Rs 98,000, totaling Rs 4,41,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for AGATHIYAR NAGAR 11th STREET?

The Villivakkam Sub Registrar Office is responsible for registrations in AGATHIYAR NAGAR 11th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for AGATHIYAR NAGAR 11th STREET?

AGATHIYAR NAGAR 11th STREET is classified as Residential Class III Type - II, indicating its designation for residential purposes within the area.