Guideline Value for AGATHIYAR NAGAR EXTENSION

Agathiyar Nagar Extension guideline value

The current guideline value of Agathiyar Nagar Extension is Rs 4,900 per sq.ft, effective from 1 July 2024. This area is located in Villivakkam village under the Villivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Agathiyar Nagar Extension has changed

The guideline value for Agathiyar Nagar Extension has seen several revisions over the years. Starting from Rs 574 per sq.ft in 2002, it increased to Rs 655 per sq.ft in 2003. The value then rose significantly to Rs 1,750 per sq.ft in 2007, followed by a drop to Rs 4,500 per sq.ft in 2012. In 2017, it was revised to Rs 3,015 per sq.ft, and then it increased to Rs 4,500 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 4,900 per sq.ft.

From 2023 to 2024, there was an increase of 9%. The period from 2017 to 2023 saw a notable increase of 49%. However, the value decreased by 33% from 2012 to 2017. There was a significant rise of 157% from 2007 to 2012, and an even larger increase of 167% from 2003 to 2007. The overall change from 2002 to 2024 is an increase of 754%. The register does not have figures for the years not mentioned in this summary.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO carrying 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 the same as the guideline value for Agathiyar Nagar Extension.

• AGATHIYAR NAGAR 9th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR EXTENSION 1st STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 8th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR EXTENSION 2nd STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 7th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR EXTENSION 3rd STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Agathiyar Nagar Extension

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. Together, the total cost for stamp duty and registration fee would be 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agathiyar Nagar Extension?

The Sub Registrar Office that covers Agathiyar Nagar Extension 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Villivakkam. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Agathiyar Nagar Extension?

The current guideline value of Agathiyar Nagar Extension 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 574 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, with various revisions occurring in between.

What is the classification of Agathiyar Nagar Extension?

Agathiyar Nagar Extension is classified as Residential Class III Type - II.

What is the range of guideline values in Villivakkam?

The guideline values in Villivakkam range from Rs 1,600 to Rs 13,200 per sq.ft, with a median value of Rs 4,900 per sq.ft.

Where is the Villivakkam Sub Registrar Office located?

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