Guideline Value for AGNILIUM NAGAR

Agnilium Nagar guideline value

The current guideline value of Agnilium Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Agnilium Nagar has changed

The guideline value for Agnilium Nagar has seen several revisions over the years. Starting with the 2002 revision, the guideline value was Rs 47 per sq.ft. This increased to Rs 100 per sq.ft in 2003, marking a significant rise of 113%. The value continued to rise, reaching Rs 400 per sq.ft in 2007, which was an increase of 300%. In 2012, the value was Rs 1,200 per sq.ft, reflecting a 200% increase from the previous revision. However, there was a decline in 2017, with the value dropping to Rs 804 per sq.ft, a decrease of 33%.

From 2017 to 2023, the guideline value increased to Rs 1,200 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has risen by 2709%. There are no figures available for the revisions in years not mentioned in the register.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, making the Agnilium Nagar guideline value below this median.

• A.G.S.Colony: Rs 2,200 per sq.ft (2024)
• Agathiar Street: Rs 1,320 per sq.ft (2024)
• Adthavan Nagar: Rs 1,650 per sq.ft (2024)
• Adipuriswarar Koil Street: Rs 1,650 per sq.ft (2024)
• Adipuriswarar 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Adipuriswarar 1st Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Agnilium 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, charged at 7%, would be Rs 92,400, and the registration fee at 2% would be Rs 26,400. Thus, the total cost for these fees together would be 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agnilium Nagar?

Agnilium Nagar falls under the Chennai South Joint I Sub Registrar Office, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pallikaranai. When a property is sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are calculated based on a standardized valuation.

It is essential for buyers and sellers to be aware of the guideline value as it directly affects the overall cost of the transaction. The registration process requires these fees to be settled, and understanding the guideline value helps in budgeting for these expenses effectively.

Frequently asked questions

What is the current guideline value of Agnilium Nagar?

The current guideline value of Agnilium 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 increased significantly from Rs 47 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 2709%.

What is the land classification of Agnilium Nagar?

Agnilium Nagar is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for property in Agnilium Nagar?

For a property valued at Rs 13,20,000, the total stamp duty and registration fees would amount to Rs 1,18,800.

Which office handles the registration for Agnilium Nagar?

The registration for Agnilium Nagar is handled by the Chennai South Joint I Sub Registrar Office, located at Fanepet Nandanam, Chennai - 600 035.