Guideline Value for AGRAHARAM (WARD -9)

Agraharam (Ward -9) guideline value

The current guideline value of Agraharam (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024. This area is located in Kadampur village under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Agraharam (Ward -9) has changed

The guideline value for Agraharam has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. However, the subsequent 2023 revision saw a significant increase to Rs 500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 551 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kadampur

In Kadampur village, there are 44 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 385 to Rs 2,200 per sq.ft. The median value is Rs 551 per sq.ft, which is equal to the guideline value of Agraharam (Ward -9).

• Aalavattamman Koil Street North (Ward -9): Rs 551 per sq.ft (2024)
• Balaji Avenue (Ward -9): Rs 551 per sq.ft (2024)
• Chendur Enclave: Rs 737 per sq.ft (2024)
• Chinna Vattamman Kovil Street (Kod): Rs 551 per sq.ft (2024)
• Coodalur Village Colony (Ward -9): Rs 385 per sq.ft (2024)
• Coodalur Village (Ward -9): Rs 551 per sq.ft (2024)

Stamp duty and registration fee for property in Agraharam (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value would be Rs 5,51,000. The stamp duty, charged at 7%, would amount to Rs 38,570, and the registration fee at 2% would be Rs 11,020, totaling Rs 49,590. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agraharam (Ward -9)?

The Sub Registrar Office that covers Agraharam (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Kadampur

The guideline value plays a crucial role in property transactions in Kadampur. It is used to determine the stamp duty and registration fees applicable during the buying or selling process. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during registration.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately. It is essential for both buyers and sellers to understand this value as it directly impacts the costs associated with property registration.

Frequently asked questions

What is the current guideline value of Agraharam (Ward -9)?

The current guideline value of Agraharam (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

What are the other streets in Kadampur and their guideline values?

Other streets in Kadampur include Aalavattamman Koil Street North, Balaji Avenue, Chendur Enclave, Chinna Vattamman Kovil Street, Coodalur Village Colony, and Coodalur Village, with values ranging from Rs 385 to Rs 737 per sq.ft.

What is the stamp duty for property in Agraharam (Ward -9)?

The stamp duty for property in Agraharam is charged at 7% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 551 per sq.ft, the stamp duty would be Rs 38,570.

Where can I find the Sub Registrar Office for Agraharam (Ward -9)?

The Sub Registrar Office for Agraharam (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.