Guideline Value for AGRAHARAM STREET

Agraharam Street guideline value

The current guideline value of Agraharam Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Agraharam Street has changed

In the 2012 revision, the guideline value was Rs 2,700 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,809 per sq.ft. The value then increased significantly to Rs 2,700 per sq.ft in the 2023 revision, marking a 49% rise from the 2017 figure. The most recent revision in 2024 has further increased the value to Rs 2,900 per sq.ft, reflecting a 7% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 7%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing Agraharam Street's 2024 figure above this median.

• Adithya Avenue: Rs 1,600 per sq.ft (2024)
• Alliance Orchid Springs: Rs 3,800 per sq.ft (2024)
• Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam): Rs 1,600 per sq.ft (2024)
• Anand Garden: Rs 1,600 per sq.ft (2024)
• Ananthalakshmi Nagar: Rs 1,600 per sq.ft (2024)
• Ananthalakshmi Nagar Extension: Rs 1,600 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 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, while the registration fee at 2% would be Rs 58,000, bringing the total to Rs 2,61,000. 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 further calculations.

Which Sub Registrar Office covers Agraharam Street?

The Sub Registrar Office that covers Agraharam Street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

When buying or selling property in Korattur, the guideline value serves as a benchmark for determining the stamp duty and registration fees. It is essential for buyers and sellers to be aware of this value as it affects the overall cost of the transaction.

The guideline value is crucial during the registration process, as it ensures that the property is valued correctly for taxation purposes. This value must be considered when finalizing any property transactions in the area.

Frequently asked questions

What is the current guideline value of Agraharam Street?

The current guideline value of Agraharam Street is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, starting at Rs 2,700 per sq.ft in 2012, dropping to Rs 1,809 per sq.ft in 2017, and then rising to Rs 2,700 per sq.ft in 2023, before reaching Rs 2,900 per sq.ft in 2024.

What is the land classification for Agraharam Street?

Agraharam Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

What other streets in Korattur have guideline values?

There are several other streets in Korattur with guideline values, including Adithya Avenue at Rs 1,600 per sq.ft and Alliance Orchid Springs at Rs 3,800 per sq.ft, among others.

Where can I find the Sub Registrar Office for Agraharam Street?

The Villivakkam Sub Registrar Office covers Agraharam Street and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.