Guideline Value for AGATHIYAR NAGAR 13th STREET

AGATHIYAR NAGAR 13th STREET guideline value

The current guideline value of AGATHIYAR NAGAR 13th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the jurisdiction of the Villivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of AGATHIYAR NAGAR 13th STREET has changed

Over the years, the guideline value for AGATHIYAR NAGAR 13th STREET has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 1,750 per sq.ft. This figure increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 157%. However, between 2012 and 2017, the value decreased to Rs 3,015 per sq.ft, representing a decline of 33%. The value then rose again to Rs 4,500 per sq.ft in 2023, which is a 49% increase from the previous revision. The current value of Rs 4,900 per sq.ft from the 2024 revision reflects a 9% increase from 2023.

The register does not contain figures for the years 2002 and 2003. Overall, from the 2007 revision to the current 2024 value, the guideline value has increased by 180%.

Guideline values in Villivakkam

In Villivakkam, there are a total of 372 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is the same as the current value for AGATHIYAR NAGAR 13th STREET.

• AGATHIYAR NAGAR 12th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 14th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 11th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 15th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 10th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 16th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in AGATHIYAR NAGAR 13th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to 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 calculate your potential costs using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers AGATHIYAR NAGAR 13th STREET?

The AGATHIYAR NAGAR 13th STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs in any real estate transaction. Buyers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 13th STREET?

The current guideline value of AGATHIYAR NAGAR 13th 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 from Rs 1,750 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 180% over the years.

What are the other streets with the same guideline value?

Other streets in Villivakkam with the same guideline value of Rs 4,900 per sq.ft include AGATHIYAR NAGAR 10th STREET, 11th STREET, 12th STREET, 14th STREET, 15th STREET, and 16th STREET.

What is the stamp duty rate in Chennai?

The stamp duty rate in Chennai is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the official website and using the provided link to locate your SRO based on your property’s location.