Guideline Value for AGATHIYAR NAGAR 19th STREET

AGATHIYAR NAGAR 19th STREET guideline value

The current guideline value of AGATHIYAR NAGAR 19th STREET is Rs 4,900 per sq.ft. This street is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of AGATHIYAR NAGAR 19th STREET has changed

The guideline value for AGATHIYAR NAGAR 19th STREET has undergone several revisions over the years. In 2007, the guideline value was set at Rs 1,750 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 157%. However, it then decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase to Rs 4,500 per sq.ft in 2023, followed by a further rise to Rs 4,900 per sq.ft in 2024, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 180%.

Guideline values in Villivakkam

In Villivakkam, there are 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 is Rs 4,900 per sq.ft, which is the same as the current value for AGATHIYAR NAGAR 19th STREET.

• AGATHIYAR NAGAR 18th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 1st STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 17th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 20th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 16th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 21st STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in AGATHIYAR NAGAR 19th 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, bringing the total to Rs 4,41,000. It is important to note that 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 AGATHIYAR NAGAR 19th STREET?

The AGATHIYAR NAGAR 19th STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 when buying or selling property in Villivakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is taken into account for calculating the applicable duties and fees. This ensures that the registration reflects the appropriate value of the property being transacted.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 19th STREET?

The current guideline value of AGATHIYAR NAGAR 19th 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 is the land classification for AGATHIYAR NAGAR 19th STREET?

AGATHIYAR NAGAR 19th STREET is classified as Residential Class III Type - II.

What is the stamp duty for properties in AGATHIYAR NAGAR 19th STREET?

The stamp duty for properties in AGATHIYAR NAGAR 19th STREET is 7% of the guideline value or sale price, whichever is higher.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.