Guideline Value for AGRAHARAM STREET

Agraharam Street guideline value

The current guideline value of Agraharam Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Agraharam Street has changed

Over the years, the guideline value of Agraharam Street has seen several revisions. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking a 150% rise. However, in the 2017 revision, the value decreased to Rs 3,015 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 4,500 per sq.ft in the 2023 revision, and the most recent 2024 revision has set it at Rs 4,900 per sq.ft, an increase of 9% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Agraharam Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 172%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value for these streets is Rs 5,500 per sq.ft, placing Agraharam Street's 2024 value below this median.

• Air India Colony: Rs 5,500 per sq.ft (2024)
• Adiyappa Mudali Street: Rs 9,900 per sq.ft (2024)
• Adiyappa Mudali Lane: Rs 8,800 per sq.ft (2024)
• A.K.SWAMY 1st STREET: Rs 7,700 per sq.ft (2024)
• A.K.SWAMY 2nd STREET: Rs 7,700 per sq.ft (2024)
• A.K.Swamy 3rd Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Agraharam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Agraharam Street?

The Sub Registrar Office that covers Agraharam Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are transparent and fair.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the costs involved in the transaction, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Agraharam Street?

The current guideline value of Agraharam Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 172% to the current value. The most recent change was a 9% increase from Rs 4,500 per sq.ft in 2023 to Rs 4,900 per sq.ft in 2024.

What is the land classification for Agraharam Street?

Agraharam Street is classified as Residential Class III Type - II. This classification is important for determining the applicable guidelines and regulations for property transactions in the area.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees amount to Rs 4,41,000.

Which office handles property registrations for Agraharam Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Agraharam Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.