Guideline Value for AGATHIYAR NAGAR 24th STREET

AGATHIYAR NAGAR 24th STREET guideline value

The current guideline value of AGATHIYAR NAGAR 24th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village and falls under the Villivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of AGATHIYAR NAGAR 24th STREET has changed

The guideline value for AGATHIYAR NAGAR 24th STREET has seen several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased significantly to Rs 4,500 per sq.ft by 2012. However, this figure dropped to Rs 3,015 per sq.ft in 2017. The 2023 revision set the value at Rs 4,500 per sq.ft, and the latest revision in 2024 has increased it to Rs 4,900 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2023 to 2024 reflects a growth of 9%. Overall, from 2007 to 2024, the guideline value has risen 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 that carry a 2024 guideline value figure, 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 also the current value for AGATHIYAR NAGAR 24th STREET.

• AGATHIYAR NAGAR 21st STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 22nd STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 23rd STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 25th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 26th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 27th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in AGATHIYAR NAGAR 24th 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 fees Rs 4,41,000. Duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AGATHIYAR NAGAR 24th STREET?

The AGATHIYAR NAGAR 24th STREET is covered by 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 is a crucial factor when buying or selling property in Villivakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. This ensures that the property transactions are conducted transparently and fairly.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that buyers should be aware of the current guideline values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 24th STREET?

The current guideline value of AGATHIYAR NAGAR 24th 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, reflecting an overall increase of 180% over the years.

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.

Which Sub Registrar Office covers AGATHIYAR NAGAR 24th STREET?

The Villivakkam Sub Registrar Office covers AGATHIYAR NAGAR 24th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for AGATHIYAR NAGAR 24th STREET?

The land classification for AGATHIYAR NAGAR 24th STREET is Residential Class III Type - II.