Guideline Value for AGAYATHIYAR STREET (N)

Agayathiyar Street (N) guideline value

The current guideline value of Agayathiyar Street (N) in Ninna Karai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class V Type - I.

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

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained the same in the 2012 revision but saw a decrease to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision, followed by another increase to Rs 1,320 per sq.ft in the 2024 revision, reflecting a rise of 10% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, positioning Agayathiyar Street (N) above this median with its current value of Rs 1,320 per sq.ft.

• Agathiar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Adithya Nagar Phase - II: Rs 1,321 per sq.ft (2024)
• Adithiya Garden: Rs 1,321 per sq.ft (2024)
• Abi Santhosh Nagar Phase - II: Rs 990 per sq.ft (2024)
• Abi Santhosh Nagar Phase - I: Rs 990 per sq.ft (2024)
• Abi Santhosh Nagar: Rs 990 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

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 more information.

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

The guideline value is a crucial factor in property transactions in Ninna Karai. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for calculating the taxes owed. It ensures that the government receives the appropriate revenue from property transactions based on established values.

Frequently asked questions

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

The current guideline value of Agayathiyar Street (N) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, starting at Rs 1,200 per sq.ft in 2012, dropping to Rs 804 per sq.ft in 2017, and then rising to Rs 1,200 per sq.ft in 2023, before reaching Rs 1,320 per sq.ft in 2024.

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

Agayathiyar Street (N) is classified as Residential Class V Type - I, indicating its designation for residential use.

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.

What factors influence the stamp duty and registration fees?

The stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the fees reflect the true value of the property being transacted.