Guideline Value for AGHIMSA NAGAR

Aghimsa Nagar guideline value

The current guideline value of Aghimsa Nagar, located in Periyakuppam village under the Tiruvallur Joint 1 SRO, is Rs 1,320 per sq.ft. This guideline value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Aghimsa Nagar has changed

The guideline value for Aghimsa Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. This was followed by a significant increase in the 2023 revision to Rs 1,200 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Aghimsa Nagar is above this median.

• Agathiyar Street: Rs 1,100 per sq.ft (2024)
• Annai Indira Gandhi Nagar: Rs 879 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Arumugam Nagar: Rs 879 per sq.ft (2024)
• Athiyaman Cross Street: Rs 879 per sq.ft (2024)
• Athiyaman Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aghimsa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aghimsa Nagar?

Aghimsa Nagar falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that transactions are recorded accurately and fairly.

Frequently asked questions

What is the current guideline value of Aghimsa Nagar?

The current guideline value of Aghimsa Nagar is Rs 1,320 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 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Aghimsa Nagar?

Aghimsa Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential development.

What are the registration fees for a property in Aghimsa Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2%, calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Aghimsa Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.