Guideline Value for AGR GARDEN

Agr Garden guideline value

The current guideline value of Agr Garden, located in Thirumukkoodal village under the Salavakkam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Agr Garden has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, marking a drop of 33%. Following this, the guideline value increased significantly to Rs 100 per sq.ft in the 2023 revision, and it remained the same in the 2024 revision, reflecting no change from the previous year.

From the 2017 revision to the 2023 revision, there was an increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 100 per sq.ft.

Guideline values in Thirumukkoodal

In Thirumukkoodal, there are five streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with a median value of Rs 101 per sq.ft. Agr Garden's 2024 figure is below this median.

• Sri Selliyamman Nagar: Rs 100 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 101 per sq.ft (2024)
• Vengadeswara Nagar: Rs 103 per sq.ft (2024)
• Sri Krishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Agr Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the 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 Agr Garden?

Agr Garden falls under the jurisdiction of the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumukkoodal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Agr Garden?

The current guideline value of Agr Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Agr Garden has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 100 per sq.ft, which is the same as in 2023. The value was Rs 67 per sq.ft in 2017 and Rs 100 per sq.ft in 2012.

What are the guideline values of other streets in Thirumukkoodal?

Other streets in Thirumukkoodal under the Salavakkam SRO have varying guideline values, ranging from Rs 100 to Rs 400 per sq.ft. Agr Garden's value is below the median of Rs 101 per sq.ft.

How is the stamp duty calculated for properties in Agr Garden?

Stamp duty for properties in Agr Garden is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft would incur a total stamp duty of Rs 7,000 and a registration fee of Rs 2,000.

Which office do I need to visit for property registration in Agr Garden?

The Salavakkam Sub Registrar Office covers Agr Garden. It is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.