Guideline Value for AGATHIYAR NAGAR 36th STREET

AGATHIYAR NAGAR 36th STREET guideline value

The current guideline value of AGATHIYAR NAGAR 36th 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 36th STREET has changed

Over the years, the guideline value for AGATHIYAR NAGAR 36th STREET has seen various revisions. The earliest available figure is from 2007, when the value was Rs 1,750 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a 157% rise. However, in 2017, the value dropped to Rs 3,015 per sq.ft, a decrease of 33%. The value then rose to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 4,900 per sq.ft in 2024, which is a 9% increase from the previous year. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 180%, reflecting the changes in property valuation over the years.

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 36th STREET.

• AGATHIYAR NAGAR 35th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 37th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 34th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 38th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 33rd STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 39th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in AGATHIYAR NAGAR 36th 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 or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AGATHIYAR NAGAR 36th STREET?

The Sub Registrar Office that covers AGATHIYAR NAGAR 36th STREET is 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

When buying or selling property in Villivakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

During the registration process, the authorities will assess the property based on the guideline value. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead. This ensures that the registration reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 36th STREET?

The current guideline value of AGATHIYAR NAGAR 36th 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 significantly 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 of AGATHIYAR NAGAR 36th STREET?

AGATHIYAR NAGAR 36th STREET is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for AGATHIYAR NAGAR 36th STREET?

The Sub Registrar Office for AGATHIYAR NAGAR 36th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in AGATHIYAR NAGAR 36th STREET?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 at 7%.