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 property is located in Panangottur 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 oldest recorded value is from 2012, which was Rs 600 per sq.ft. This figure remained the same until the next revision in 2017, which saw a decrease to Rs 402 per sq.ft. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The revision from 2017 to 2023 saw a substantial increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. For the years 2002, 2003, and 2007, the register has no figure for this street.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, making the guideline value of Agayathya Garden (N) below that 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)
• 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 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 at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, resulting in a total of Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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, 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 during the registration process of property transactions in Panangottur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The guideline value ensures that the transaction is recorded at a fair value as per the government's regulations.

When selling a property, the seller must also consider the guideline value to ensure compliance with registration requirements. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction process.

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 much has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 10% over this period.

What is the land classification of Agayathya Garden (N)?

Agayathya Garden (N) is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Agayathya Garden (N)?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 59,400.

Which Sub Registrar Office covers Agayathya Garden (N)?

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