Guideline Value for AGATHIYAR NAGAR 9th STREET

AGATHIYAR NAGAR 9th STREET guideline value

The current guideline value of AGATHIYAR NAGAR 9th 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 9th STREET has changed

The guideline value for AGATHIYAR NAGAR 9th STREET has undergone several revisions over the years. In 2007, the value was set at Rs 1,750 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 157%. However, this value decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The value then saw a substantial increase to Rs 4,500 per sq.ft in 2023, followed by the current rate of Rs 4,900 per sq.ft in 2024, reflecting a growth of 9% from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 180%. The changes between the revisions illustrate the fluctuations in the guideline value over time, with the most significant increase occurring between 2007 and 2012, followed by a steady rise in the subsequent 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 value is Rs 4,900 per sq.ft, which is equal to the current guideline value for AGATHIYAR NAGAR 9th STREET.

• AGATHIYAR NAGAR 8th STREET: Rs 4,900 per sq.ft (2024)
• Agathiyar Nagar Extension: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 7th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR EXTENSION 1st STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 6th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR EXTENSION 2nd STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in AGATHIYAR NAGAR 9th 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, 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. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers AGATHIYAR NAGAR 9th STREET?

AGATHIYAR NAGAR 9th STREET falls under the jurisdiction of 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 more details.

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 properties in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 9th STREET?

The current guideline value of AGATHIYAR NAGAR 9th 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 properties 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 property registrations for AGATHIYAR NAGAR 9th STREET?

The Villivakkam Sub Registrar Office handles property registrations for AGATHIYAR NAGAR 9th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of AGATHIYAR NAGAR 9th STREET?

AGATHIYAR NAGAR 9th STREET is classified as Residential Class III Type - II according to the local land classification.