Guideline Value for AGAYATHIYAR STREET (N)

Agayathiyar Street (N) guideline value

The current guideline value of Agayathiyar Street (N) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Agayathiyar Street (N) has changed

The guideline value for Agayathiyar Street (N) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft. However, in 2017, the value decreased to Rs 402 per sq.ft, marking a decline of 33%. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision raised it further to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the value saw a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Agayathiyar Street (N)'s 2024 figure below that median.

• Agayathya Garden (N): Rs 660 per sq.ft (2024)
• Agathiar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Adithiya Garden: Rs 1,320 per sq.ft (2024)
• Abi Shanthosh Nagar: Rs 440 per sq.ft (2024)
• Abi Santhosh Nagar Part-II: Rs 440 per sq.ft (2024)
• Alayamman Koil Street (Ward -19): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Agayathiyar Street (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. 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 more details.

Which Sub Registrar Office covers Agayathiyar Street (N)?

The Sub Registrar Office that covers Agayathiyar Street (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Kattankollatur, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is officially recorded at a fair value.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Proper understanding of these values can help in budgeting for additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of Agayathiyar Street (N)?

The current guideline value of Agayathiyar Street (N) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, a 10% increase. The value decreased from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017 before increasing again in subsequent years.

What is the land classification for Agayathiyar Street (N)?

Agayathiyar Street (N) is classified as Residential Class I Type - III. This classification affects the guideline value and the types of properties that can be developed in the area.

Where can I find the Sub Registrar Office for Agayathiyar Street (N)?

The Sub Registrar Office for Agayathiyar Street (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles property registrations for the area.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be 7% of that amount, along with a registration fee of 2%.