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 Sattamangalam village and falls under the Chengleput Joint II SRO, 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 seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The next revision in 2023 saw a significant increase to Rs 600 per sq.ft, followed by the latest revision in 2024, which raised the value to Rs 660 per sq.ft, an increase of 10% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase, bringing the current value to Rs 660 per sq.ft. It is important to note that the register has no 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 have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which means that Agayathya Garden (N) is 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)
• 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 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, totaling Rs 59,400. It is important to note that the 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 information.

Which Sub Registrar Office covers Agayathya Garden (N)?

The Sub Registrar Office that covers Agayathya Garden (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO online for more details.

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

The guideline value is a crucial factor when registering property transactions in Sattamangalam. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased. When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

This system ensures that the government receives appropriate revenue from property transactions while providing a clear framework for buyers and sellers. Understanding the guideline value helps in making informed decisions during property transactions in the area.

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

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

Agayathya Garden (N) is classified as Residential Class I Type - III.

What are the other streets in Sattamangalam with their guideline values?

Other streets in Sattamangalam 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 located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II registration zone.