Guideline Value for AGATHIYAR NAGAR 25th STREET

AGATHIYAR NAGAR 25th STREET guideline value

The current guideline value of AGATHIYAR NAGAR 25th 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 25th STREET has changed

The guideline value for AGATHIYAR NAGAR 25th STREET has seen several revisions over the years. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 157% rise. However, this value dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The value then rose again 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.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 180%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with guideline values 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 guideline value of AGATHIYAR NAGAR 25th STREET.

• AGATHIYAR NAGAR 24th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 26th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 23rd STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 27th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 22nd STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 28th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in AGATHIYAR NAGAR 25th 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 fees to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers AGATHIYAR NAGAR 25th STREET?

The AGATHIYAR NAGAR 25th 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 is a crucial factor in the registration process when buying or selling property in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 25th STREET?

The current guideline value of AGATHIYAR NAGAR 25th 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, marking an overall increase of 180% over the years.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total guideline value is 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, totaling Rs 4,41,000.

Which office handles the registration for AGATHIYAR NAGAR 25th STREET?

The Villivakkam Sub Registrar Office handles the registration for AGATHIYAR NAGAR 25th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for AGATHIYAR NAGAR 25th STREET?

The land classification for AGATHIYAR NAGAR 25th STREET is Residential Class III Type - II, indicating its use for residential purposes.