Guideline Value for AGAYATHYA GARDEN (N)

Agayathya Garden (N) guideline value

The current guideline value of Agayathya Garden (N) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Agayathya Garden (N) has changed

The guideline value for Agayathya Garden (N) has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. In 2023, the value increased to Rs 600 per sq.ft, and the most recent revision in 2024 raised it to Rs 660 per sq.ft.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The transition from 2023 to 2024 saw a rise of 10%. Overall, from 2012 to 2024, 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 Kattankollatur

Kattankollatur 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 for the village is Rs 1,100 per sq.ft, placing Agayathya Garden (N) below this median.

• Agayathiyar Street (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)
• Alayamman Koil Street (Ward -19): Rs 440 per sq.ft (2024)
• Abi Santhosh Nagar Part-II: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Agayathya Garden (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 is charged at 7%, which totals Rs 46,200, while the registration fee is 2%, amounting to Rs 13,200. Together, the total cost for stamp duty and registration fee comes to Rs 59,400. It is important to note that 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 Agayathya Garden (N)?

The Agayathya Garden (N) area falls under 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 Kattankollatur

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kattankollatur, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

During the registration process, the buyer and seller must provide the guideline value to the Sub Registrar Office. This value is compared against the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Agayathya Garden (N)?

The current guideline value of Agayathya Garden (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 Kattankollatur and their values?

Other streets in Kattankollatur include Agayathiyar Street (N) at Rs 660 per sq.ft, Agathiar Street (Ward -7) at Rs 1,320 per sq.ft, and Adithiya Garden at Rs 1,320 per sq.ft, among others.

Where can I find the Sub Registrar Office for Agayathya Garden (N)?

The Sub Registrar Office covering Agayathya Garden (N) is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Agayathya Garden (N)?

Stamp duty for properties in Agayathya Garden (N) is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 6,60,000, leading to a stamp duty of Rs 46,200 at 7%.