Guideline Value for AGP NAGAR

Agp Nagar guideline value

The current guideline value of Agp Nagar, located in Periyamullavoyal village under the Thiruvottiyur SRO, is Rs 248 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.

How the guideline value of Agp Nagar has changed

The guideline value for Agp Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 225 per sq.ft. This was followed by a decrease in 2017 to Rs 151 per sq.ft, marking a decline of 33%. However, in 2023, the value increased significantly to Rs 226 per sq.ft, and the most recent revision in 2024 shows a further increase to Rs 248 per sq.ft, reflecting a 10% rise from the previous year.

Between 2017 and 2023, the guideline value rose by 50%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Periyamullavoyal

In Periyamullavoyal, there are a total of 7 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 248 to Rs 350 per sq.ft. The median value is Rs 248 per sq.ft, which is the same as the guideline value for Agp Nagar.

• Annai Nagar: Rs 248 per sq.ft (2024)
• As Nagar: Rs 248 per sq.ft (2024)
• Balamurugan Nagar: Rs 248 per sq.ft (2024)
• Outer Ring Road: Rs 248 per sq.ft (2024)
• Sri Sankara Arupadai City: Rs 248 per sq.ft (2024)
• Vivekananda Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Agp Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 248 per sq.ft, the total guideline value amounts to Rs 2,48,000. The stamp duty at 7% would be Rs 17,360, and the registration fee at 2% would be Rs 4,960, making the total cost for these fees Rs 22,320. 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 Agp Nagar?

The Sub Registrar Office that covers Agp Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Periyamullavoyal. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Agp Nagar?

The current guideline value of Agp Nagar is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 248 per sq.ft in 2024, with significant changes occurring in 2017 and 2023.

What are the other streets with guideline values in Periyamullavoyal?

Other streets in Periyamullavoyal include Annai Nagar, As Nagar, Balamurugan Nagar, Outer Ring Road, Sri Sankara Arupadai City, and Vivekananda Nagar, with values ranging from Rs 248 to Rs 350 per sq.ft.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Agp Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.