Guideline Value for AGATHIYAR NAGAR 2nd STREET

AGATHIYAR NAGAR 2nd STREET guideline value

The current guideline value of AGATHIYAR NAGAR 2nd 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 2nd STREET has changed

The guideline value for AGATHIYAR NAGAR 2nd 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, marking a rise of 157%. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, reflecting a decline of 33%. The value then increased to Rs 4,500 per sq.ft in 2023, which was a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 4,900 per sq.ft, a 9% increase from 2023.

It is important to note that there are no recorded figures for AGATHIYAR NAGAR 2nd STREET in the revisions of 2002 and 2003. 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 for these streets is Rs 4,900 per sq.ft, which is the same as the current value for AGATHIYAR NAGAR 2nd STREET.

• AGATHIYAR NAGAR 29th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 30th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 28th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 31st STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 27th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 32nd STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in AGATHIYAR NAGAR 2nd 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, totaling 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers AGATHIYAR NAGAR 2nd STREET?

The Sub Registrar Office covering AGATHIYAR NAGAR 2nd STREET is 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 further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Villivakkam. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is determined by the government and is periodically revised based on various factors.

When selling property, the guideline value ensures that the transaction is recorded at a fair price, which helps in maintaining transparency in real estate dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 2nd STREET?

The current guideline value of AGATHIYAR NAGAR 2nd 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 property 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 office handles registrations for AGATHIYAR NAGAR 2nd STREET?

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

What is the significance of the guideline value in property transactions?

The guideline value is significant as it is used to determine the stamp duty and registration fees during property transactions. It ensures that transactions are recorded transparently and legally.