Guideline Value for AGATHIYAR NAGAR 26th STREET

AGATHIYAR NAGAR 26th STREET guideline value

The current guideline value of AGATHIYAR NAGAR 26th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. 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 26th STREET has changed

The guideline value for AGATHIYAR NAGAR 26th STREET has seen several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 157%. However, this value dropped to Rs 3,015 per sq.ft in 2017, reflecting a decrease of 33%. The guideline value then rose sharply to Rs 4,500 per sq.ft in 2023, and further increased to Rs 4,900 per sq.ft in 2024, a change of 9%.

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%, showcasing the fluctuations in the property valuation over the years.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with the 2024 guideline values 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 equal to the current value of AGATHIYAR NAGAR 26th STREET.

• AGATHIYAR NAGAR 25th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 27th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 24th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 28th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 23rd STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 29th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in AGATHIYAR NAGAR 26th 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 together 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 fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AGATHIYAR NAGAR 26th STREET?

The AGATHIYAR NAGAR 26th 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 critical factor in the registration process for property transactions in Villivakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration fees and stamp duties are calculated fairly.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and compliance with local regulations. It is essential for both buyers and sellers to be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 26th STREET?

The current guideline value of AGATHIYAR NAGAR 26th 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 is the land classification for AGATHIYAR NAGAR 26th STREET?

AGATHIYAR NAGAR 26th STREET is classified as Residential Class III Type - II.

Which office handles registrations for AGATHIYAR NAGAR 26th STREET?

The Villivakkam Sub Registrar Office handles registrations for AGATHIYAR NAGAR 26th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in AGATHIYAR NAGAR 26th STREET?

The stamp duty for properties in AGATHIYAR NAGAR 26th STREET is calculated at 7% of the guideline value or the sale price, whichever is higher.