Guideline Value for AGAYATHIYAR STREET (N)

Agayathiyar Street (N) guideline value

The current guideline value of Agayathiyar Street (N) in Sattamangalam village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls 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

The guideline value for Agayathiyar Street (N) has undergone several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which remained unchanged until 2017 when it decreased to Rs 402 per sq.ft. The 2023 revision saw an increase to Rs 600 per sq.ft, followed by a further increase to Rs 660 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

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

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Agayathiyar Street (N) is below this 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)
• 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 would be Rs 6,60,000. The stamp duty at 7% would amount to 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 guideline value or the sale price, whichever is higher.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Agayathiyar Street (N)?

The Agayathiyar Street (N) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When you register a property, the stamp duty and registration fees are calculated based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

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 back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

Agayathiyar Street (N) is classified as Residential Class I Type - III under the Chengleput Joint II SRO.

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles registrations for Agayathiyar Street (N)?

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