Guideline Value for AGAYATHYA GARDEN (N)

Agayathya Garden (N) guideline value

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

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

Over the years, the guideline value of Agayathya Garden (N) has seen several revisions. The 2012 revision set the rate at Rs 600 per sq.ft, which remained unchanged in the 2017 revision, where it was again Rs 600 per sq.ft. However, in 2017, the value increased to Rs 402 per sq.ft, marking a decrease of 33%. The 2023 revision raised the value to Rs 600 per sq.ft, and the most recent 2024 revision has further increased it to Rs 661 per sq.ft, reflecting a 10% rise from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. Notably, the 2002, 2003, and 2007 revisions have no figures recorded for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with a 2024 guideline value range from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Agayathya Garden (N) below this median.

• Agayathiyar Street (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 Agayathya Garden (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, making the total charges Rs 59,490. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 is covered by 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 for property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it may influence negotiations and the final sale price. Buyers and sellers should ensure that the sale price is at least equal to the guideline value to avoid any complications during registration.

Frequently asked questions

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

The current guideline value of Agayathya Garden (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 661 per sq.ft in 2024, with notable changes occurring in 2017 and 2023 revisions.

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 development.

Which Sub Registrar Office covers Agayathya Garden (N)?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 6,61,000 would incur a stamp duty of Rs 46,270 at 7%.