Guideline Value for AGATHIYAR NAGAR 27th STREET

AGATHIYAR NAGAR 27th STREET guideline value

The current guideline value of AGATHIYAR NAGAR 27th 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 27th STREET has changed

The guideline value of AGATHIYAR NAGAR 27th 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 in 2012. This was followed by a decrease to Rs 3,015 per sq.ft in 2017. The value then rose to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,900 per sq.ft from the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the value decreased by 33% from 2012 to 2017. The most significant increase occurred from 2007 to 2012, with a rise of 157%. 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 equal to the current guideline value of AGATHIYAR NAGAR 27th STREET.

• AGATHIYAR NAGAR 26th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 28th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 25th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 29th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 24th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 2nd STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in AGATHIYAR NAGAR 27th 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, totaling Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AGATHIYAR NAGAR 27th STREET?

The Sub Registrar Office covering AGATHIYAR NAGAR 27th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Villivakkam. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the area's prevailing property rates. This helps maintain transparency in property dealings and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 27th STREET?

The current guideline value of AGATHIYAR NAGAR 27th 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 is the land classification for AGATHIYAR NAGAR 27th STREET?

AGATHIYAR NAGAR 27th STREET is classified as Residential Class III Type - II, indicating its suitability for residential development.

What are the other streets in Villivakkam with the same guideline value?

Other streets in Villivakkam with the same guideline value of Rs 4,900 per sq.ft include AGATHIYAR NAGAR 26th STREET, AGATHIYAR NAGAR 28th STREET, AGATHIYAR NAGAR 25th STREET, AGATHIYAR NAGAR 29th STREET, AGATHIYAR NAGAR 24th STREET, and AGATHIYAR NAGAR 2nd STREET.

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.