Guideline Value for AGATHIYAR NAGAR 3rd STREET

AGATHIYAR NAGAR 3rd STREET guideline value

The current guideline value of AGATHIYAR NAGAR 3rd 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 3rd STREET has changed

The guideline value for AGATHIYAR NAGAR 3rd STREET has undergone several revisions over the years. The earliest available figure is from 2007, where it was set at Rs 1,750 per sq.ft. This value increased significantly to Rs 4,500 per sq.ft in 2012, marking a 157% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, reflecting a drop of 33%. The most recent revision in 2023 saw the value rise to Rs 4,500 per sq.ft, followed by a further increase to Rs 4,900 per sq.ft in 2024, which is a 9% change from the previous year.

There are no figures available for the revisions in 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 value for these streets is Rs 4,900 per sq.ft, which is equal to the current guideline value of AGATHIYAR NAGAR 3rd STREET.

• AGATHIYAR NAGAR 39th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 40th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 38th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 41st STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 37th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 4th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in AGATHIYAR NAGAR 3rd 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, while the registration fee at 2% would be Rs 98,000, bringing the total 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers AGATHIYAR NAGAR 3rd STREET?

The AGATHIYAR NAGAR 3rd STREET falls under the jurisdiction of the Villivakkam Sub Registrar Office. The address is 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 is a critical factor in determining the stamp duty and registration fees. The value is set by the Registration Department and is used to calculate the applicable charges during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures that the transaction is compliant with local regulations and helps in estimating the financial obligations involved in property transactions.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 3rd STREET?

The current guideline value of AGATHIYAR NAGAR 3rd 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. Notably, there was a significant increase of 157% from 2007 to 2012, followed by a decrease in 2017, and then an increase again in 2023 and 2024.

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

Several other streets in Villivakkam have the same guideline value of Rs 4,900 per sq.ft for 2024, including AGATHIYAR NAGAR 39th STREET, AGATHIYAR NAGAR 40th STREET, AGATHIYAR NAGAR 38th STREET, AGATHIYAR NAGAR 41st STREET, AGATHIYAR NAGAR 37th STREET, and AGATHIYAR NAGAR 4th STREET.

What is the registration fee for property in AGATHIYAR NAGAR 3rd STREET?

The registration fee for property in AGATHIYAR NAGAR 3rd STREET is 2% of the guideline value. For example, for a property valued at Rs 49,00,000, the registration fee would be Rs 98,000.

Which office handles the registration for AGATHIYAR NAGAR 3rd STREET?

The Villivakkam Sub Registrar Office handles the registration for AGATHIYAR NAGAR 3rd STREET. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.