Guideline Value for AGATHIYAR NAGAR 5th STREET

AGATHIYAR NAGAR 5th STREET guideline value

The current guideline value of AGATHIYAR NAGAR 5th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village under the Villivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of AGATHIYAR NAGAR 5th STREET has changed

The guideline value for AGATHIYAR NAGAR 5th STREET has seen several revisions over the years. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012. However, this figure dropped to Rs 3,015 per sq.ft in 2017, before rising to Rs 4,500 per sq.ft in 2023, and finally reaching Rs 4,900 per sq.ft in the 2024 revision. Notably, the register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents a further increase of 9%. Overall, from the 2007 revision to the current 2024 figure, there has been a significant increase of 180% in the guideline value.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with guideline values 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 2024 guideline value of AGATHIYAR NAGAR 5th STREET.

• AGATHIYAR NAGAR 4th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 6th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 41st STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 7th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 40th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 8th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in AGATHIYAR NAGAR 5th 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 and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AGATHIYAR NAGAR 5th STREET?

The AGATHIYAR NAGAR 5th STREET falls under 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 crucial factor when registering property in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 5th STREET?

The current guideline value of AGATHIYAR NAGAR 5th 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 of AGATHIYAR NAGAR 5th STREET?

AGATHIYAR NAGAR 5th STREET is classified as Residential Class III Type - II.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in AGATHIYAR NAGAR 5th STREET?

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