Guideline Value for AGAYATHIYAR STREET (N)

Agayathiyar Street (N) guideline value

The current guideline value of Agayathiyar Street (N) is Rs 661 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

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

Over the years, the guideline value of Agayathiyar Street (N) has undergone several revisions. In the 2012 revision, the 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 saw a significant increase of 49%, rising to Rs 600 per sq.ft. The most recent revision in 2024 has set the value at Rs 661 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Agayathiyar Street (N) below this median.

• Agayathya Garden (N): Rs 661 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 550 per sq.ft (2024)
• Abi Rail Nagar(Kr): Rs 990 per sq.ft (2024)
• Ambedkar Street (Ward -3): Rs 661 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 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty, charged at 7%, would be Rs 46,270, while the registration fee at 2% would be Rs 13,220. Together, the total cost for these fees would be Rs 59,490. It is essential to note that duty is charged on the higher of the guideline value or the sale price. For more details, 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 Peramanoor

The guideline value is a critical factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value.

When a property is sold, the guideline value ensures that the transaction is registered at a fair value, which is essential for maintaining transparency in property transactions. Buyers and sellers should be aware of the guideline value to understand the financial implications during the registration process.

Frequently asked questions

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

The current guideline value of Agayathiyar Street (N) is Rs 661 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 to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the median guideline value for streets in Peramanoor?

The median guideline value for streets in Peramanoor is Rs 1,100 per sq.ft, which is higher than the current value of Agayathiyar Street (N).

What are the stamp duty and registration fees for properties in Agayathiyar Street (N)?

For a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270, and the registration fee would be Rs 13,220, totaling Rs 59,490.

Which office handles the registration for Agayathiyar Street (N)?

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