Guideline Value for AGNI AVENUE

Agni Avenue guideline value

The current guideline value of Agni Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Agni Avenue has changed

The guideline value for Agni Avenue has undergone several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,005 per sq.ft. In 2023, the value increased to Rs 1,500 per sq.ft, followed by a further increase to Rs 1,650 per sq.ft in the 2024 revision.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. The 2023 to 2024 revision reflects a 10% increase. 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 Arasankalani

In Arasankalani village, there are 85 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft, with a median value of Rs 2,100 per sq.ft. Agni Avenue's current guideline value is below this median.

• Aditya Nagar: Rs 4,100 per sq.ft (2024)
• Akshayam Roheline: Rs 3,500 per sq.ft (2024)
• Amman Koil Street: Rs 1,300 per sq.ft (2024)
• Annai Indra Street: Rs 2,100 per sq.ft (2024)
• Arasankazhani - Nookampalayam Road: Rs 2,100 per sq.ft (2024)
• Bagathsingh Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Agni Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty is charged at 7%, resulting in Rs 1,15,500, while the registration fee at 2% amounts to Rs 33,000. Together, the total cost for stamp duty and registration fee is Rs 1,48,500. 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 Agni Avenue?

The Sub Registrar Office covering Agni Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Arasankalani

The guideline value is a crucial factor in the registration process of property transactions in Arasankalani. It serves as the basis for calculating stamp duty and registration fees, ensuring that both the buyer and seller are aware of the official value assigned to the property.

When a property is bought or sold, the guideline value helps determine the legal obligations regarding taxes and fees. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Agni Avenue?

The current guideline value of Agni Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the median guideline value in Arasankalani?

The median guideline value in Arasankalani is Rs 2,100 per sq.ft for the year 2024.

What are the stamp duty and registration fees for Agni Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 1,15,500 and the registration fee is Rs 33,000, totaling Rs 1,48,500.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.