Guideline Value for AGS NAGAR

Ags Nagar guideline value

The current guideline value of Ags Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This locality is situated in Somangalam village, under the jurisdiction of the Sriperumpudur SRO. The land classification for Ags Nagar is Residential Class I Type - III.

How the guideline value of Ags Nagar has changed

Over the years, the guideline value for Ags Nagar has remained consistent. The register shows that the guideline value was Rs 800 per sq.ft in the 2017 revision, and this figure has not changed in subsequent revisions, including 2023 and the upcoming 2024 revision. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2024, there has been no change in the guideline value, reflecting a stable pricing structure. The revisions from 2023 to 2024 also indicate a 0% increase, maintaining the value at Rs 800 per sq.ft throughout these years.

Guideline values in Somangalam

In Somangalam, there are a total of 86 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Ags Nagar's 2024 figure above this median.

• Alwins Green Park: Rs 500 per sq.ft (2024)
• Aadhira: Rs 800 per sq.ft (2024)
• Amirtharaj Nagar: Rs 200 per sq.ft (2024)
• Annai Nagar: Rs 150 per sq.ft (2024)
• Annai Nagar Annex: Rs 150 per sq.ft (2024)
• Anna Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Ags Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty is calculated at 7%, resulting in Rs 56,000, while the registration fee is 2%, amounting to Rs 16,000. Therefore, the total cost for stamp duty and registration fee would be Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ags Nagar?

The Sub Registrar Office that covers Ags Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Somangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, making it essential to understand the current guideline value in the area.

Frequently asked questions

What is the current guideline value of Ags Nagar?

The current guideline value of Ags Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ags Nagar has remained unchanged at Rs 800 per sq.ft since the 2017 revision, with no increases noted in the 2023 and 2024 revisions.

What is the land classification for Ags Nagar?

Ags Nagar is classified as Residential Class I Type - III, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties in Ags Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 72,000.

Which office handles property registrations in Ags Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations in Ags Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.