Guideline Value for AGRIYA PHASE 2

Agriya Phase 2 guideline value

The current guideline value of Agriya Phase 2 is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Ottiyampakkam village, under the Selaiyur SRO, and is classified as Residential Class V Type - V.

How the guideline value of Agriya Phase 2 has changed

In the 2017 revision, the guideline value was Rs 2,500 per sq.ft. This figure decreased to Rs 2,200 per sq.ft in the 2023 revision, marking a decline of 12%. The most recent revision in 2024 saw an increase to Rs 2,400 per sq.ft, resulting in a 9% rise from the previous year. Overall, from 2017 to 2024, the guideline value has decreased by 4%.

There are no register figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median guideline value for the village is Rs 1,950 per sq.ft, placing Agriya Phase 2's 2024 figure above this median.

• Amaya: Rs 2,600 per sq.ft (2024)
• Ambedkar Street: Rs 1,950 per sq.ft (2024)
• Ameer Nagar: Rs 1,950 per sq.ft (2024)
• Annai Avenue: Rs 1,650 per sq.ft (2024)
• Aran: Rs 2,700 per sq.ft (2024)
• Arasangazhani Odai Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Agriya Phase 2

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, together totaling Rs 2,16,000. The duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Agriya Phase 2?

The Sub Registrar Office covering Agriya Phase 2 is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor when registering property transactions in Ottiyampakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold or bought, the registration office uses the guideline value to calculate the necessary fees, ensuring that both parties are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Agriya Phase 2?

The current guideline value of Agriya Phase 2 is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2023, and then to Rs 2,400 per sq.ft in 2024. This represents a 12% decrease from 2017 to 2023, followed by a 9% increase in the most recent revision.

What is the median guideline value in Ottiyampakkam?

The median guideline value in Ottiyampakkam is Rs 1,950 per sq.ft. Agriya Phase 2's current guideline value is above this median.

What are the stamp duty rates applicable in Agriya Phase 2?

The stamp duty rate applicable in Agriya Phase 2 is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the same amount.

Where can I find the Sub Registrar Office for Agriya Phase 2?

The Sub Registrar Office for Agriya Phase 2 is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information by visiting the relevant link.