Guideline Value

Corporate

Guideline Value for AGATTHIAR STREET

₹1110/sq.ft.

The guideline value for Agatthiar Street in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 1110 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1110 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹151 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Agatthiar Street

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Agatthiar Street guideline value

The current guideline value of Agatthiar Street in Karambakkam village is Rs 1,110 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Agatthiar Street has changed

Over the years, the guideline value of Agatthiar Street has seen several revisions. The earliest recorded value in 2003 was Rs 151 per sq.ft, which increased to Rs 350 per sq.ft in 2007. In 2012, the value rose to Rs 1,000 per sq.ft, but then it dropped to Rs 670 per sq.ft in 2017. The value saw a significant increase to Rs 1,000 per sq.ft in 2023, and it is now set at Rs 1,110 per sq.ft for the 2024 revision.

Specifically, the changes between revisions include an increase of 132% from 2003 to 2007, followed by a remarkable increase of 186% from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, there was an increase of 11% from 2023 to 2024. The register has no figure for this street in 2002.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,930 per sq.ft, placing Agatthiar Street's 2024 figure below that median.

Stamp duty and registration fee for property in Agatthiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total cost for these fees to Rs 99,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Agatthiar Street?

The Sub Registrar Office that covers Agatthiar Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Karambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with registration requirements and to ascertain the applicable stamp duty and registration fees.

When a property is sold, the sale price must be equal to or higher than the guideline value to avoid any legal issues during registration. This ensures that all transactions are transparent and adhere to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Agatthiar Street?

The current guideline value of Agatthiar Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 151 per sq.ft in 2003 to Rs 1,110 per sq.ft in 2024, reflecting an overall increase of 635% over the years.

What is the classification of Agatthiar Street?

Agatthiar Street is classified as Residential Class IV Type - II under the Chennai South Joint I SRO.

Where can I find the Sub Registrar Office for Agatthiar Street?

The Sub Registrar Office for Agatthiar Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties on Agatthiar Street?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, on a property with a guideline value of Rs 11,10,000, the stamp duty would be Rs 77,700 at 7%.