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 Panangottur 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. In 2012, the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 600 per sq.ft. The most recent revision in 2024 saw a further increase of 10%, bringing the current guideline value to Rs 660 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Agayathiyar Street (N). Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, indicating that Agayathiyar Street (N) is below this median value.

• 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)
• Alayamman Koil Street (Ward -19): Rs 440 per sq.ft (2024)
• Abi Rail Nagar(Kr): Rs 990 per sq.ft (2024)
• Ambedkar Street (Ward -3): Rs 660 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 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 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, providing a standardized approach to property transactions in the area.

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 changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the other streets in Panangottur and their guideline values?

Other streets in Panangottur have varying guideline values, with rates ranging from Rs 440 to Rs 2,200 per sq.ft. Some notable streets include Agathiar Street (Ward -7) at Rs 1,320 per sq.ft and Alayamman Koil Street (Ward -19) at Rs 440 per sq.ft.

What is the stamp duty rate for properties in Agayathiyar Street (N)?

The stamp duty rate for properties in Agayathiyar Street (N) is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Agayathiyar Street (N) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II SRO.