Guideline Value for AGRAHARAM ROAD

Agraharam Road guideline value

The current guideline value of Agraharam Road is Rs 2,860 per sq.ft, effective from 1 July 2024. This road is located in Kerugambakkam village, under the Pammal SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Agraharam Road has changed

The guideline value for Agraharam Road has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,742 per sq.ft. This increased to Rs 2,600 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 set the value at Rs 2,860 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Agraharam Road in the revisions from 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Agraharam Road's 2024 guideline value of Rs 2,860 per sq.ft is above this median.

• Akash Nagar: Rs 1,980 per sq.ft (2024)
• Annai Therasa Street: Rs 2,200 per sq.ft (2024)
• Anna Street (ward 5): Rs 2,750 per sq.ft (2024)
• Anna Street (ward 9): Rs 2,750 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Balaji Nagar Extn: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Agraharam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total fees to Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agraharam Road?

The Agraharam Road falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kerugambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price as per government standards.

When a property is sold, the buyer and seller must consider the guideline value for calculating stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Agraharam Road?

The current guideline value of Agraharam Road is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,742 per sq.ft in 2017 to Rs 2,600 per sq.ft in 2023, and then to Rs 2,860 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Agraharam Road?

Agraharam Road is classified as Commercial Class I Type - I, which is significant for determining its guideline value and usage.

What are the stamp duty and registration fees for property in Agraharam Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, totaling Rs 2,57,400.

Which office handles registrations for Agraharam Road?

The Pammal Sub Registrar Office is responsible for handling registrations for Agraharam Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.