Guideline Value for AGATHIYAR NAGAR

Agathiyar Nagar guideline value

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

How the guideline value of Agathiyar Nagar has changed

The guideline value for Agathiyar Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 574 per sq.ft, which increased to Rs 655 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,750 per sq.ft in 2007, and then it further increased to Rs 4,500 per sq.ft in 2012. However, in 2017, the value dropped to Rs 3,015 per sq.ft. The most recent revision in 2023 set the guideline value at Rs 4,500 per sq.ft, which has now increased to Rs 4,900 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2023 to 2024, the guideline value increased by 9%. There was a significant increase of 49% from 2017 to 2023. The period from 2012 to 2017 saw a decrease of 33%. The rise from 2007 to 2012 was 157%, and from 2003 to 2007, it increased by 167%. Lastly, from 2002 to 2003, the increase was 14%. Overall, from 2002 to 2024, the guideline value has increased by 754%.

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 is Rs 4,900 per sq.ft, which is the same as the guideline value for Agathiyar Nagar.

• AGATHIYAR NAGAR 10th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 11th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 12th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 13th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 14th STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR 15th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Agathiyar Nagar

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 cost for these 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Agathiyar Nagar?

The Agathiyar Nagar area falls under the jurisdiction of 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 in the registration process when buying or selling property in Villivakkam. It determines the minimum value at which the property must be registered, ensuring that the transaction is documented accurately for legal and tax purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of ownership. Buyers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Agathiyar Nagar?

The current guideline value of Agathiyar Nagar 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 several times, starting from Rs 574 per sq.ft in 2002 and reaching Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 754% since 2002.

What is the land classification for Agathiyar Nagar?

Agathiyar Nagar is classified as Residential Class III Type - II, indicating its suitability for residential development.

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 the stamp duty calculated for properties in Agathiyar Nagar?

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