Guideline Value for Aagasthiar Street

Aagasthiar Street guideline value

The current guideline value of Aagasthiar Street in Mugappair village, under the Konnur SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Aagasthiar Street has changed

The guideline value for Aagasthiar Street has seen several revisions over the years. In 2002, the value was Rs 296 per sq.ft, which increased to Rs 325 per sq.ft in 2003, marking a change of +10%. The value continued to rise significantly, reaching Rs 800 per sq.ft in 2007, an increase of +146%. By 2012, the guideline value was Rs 3,500 per sq.ft, reflecting a substantial rise of +338% from the previous revision. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, showing a decline of -33%.

In 2023, the guideline value was revised to Rs 3,500 per sq.ft, and the latest revision in 2024 set it at Rs 3,800 per sq.ft, which is a +9% increase. Overall, from 2002 to 2024, the guideline value has increased by +1184%. There are no figures available for revisions in years not listed in the register.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. Aagasthiar Street's current value is below this median.

• Aasaithambi Street (Madhiazhagan Nagar): Rs 3,800 per sq.ft (2024)
• Aasallathamman Koil Street: Rs 5,500 per sq.ft (2024)
• Aathimulam Avenue: Rs 5,500 per sq.ft (2024)
• AIBEOA Nagar: Rs 7,100 per sq.ft (2024)
• A.K.R. New Nagar: Rs 3,800 per sq.ft (2024)
• Akshya Colony: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aagasthiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, making the total cost for these fees Rs 3,42,000. 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 Aagasthiar Street?

The Aagasthiar Street falls under the jurisdiction of the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Mugappair. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property transfer.

When buying or selling property, the guideline value is used to ensure that the transaction is documented accurately, reflecting the official value set by the Registration Department. This helps in maintaining transparency and compliance with legal requirements in property transactions.

Frequently asked questions

What is the current guideline value of Aagasthiar Street?

The current guideline value of Aagasthiar Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 296 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of +1184% over the years.

What are the other streets in Mugappair with their guideline values?

Other streets in Mugappair include Aasaithambi Street at Rs 3,800 per sq.ft, Aasallathamman Koil Street at Rs 5,500 per sq.ft, and AIBEOA Nagar at Rs 7,100 per sq.ft, among others.

What is the stamp duty rate for properties in Aagasthiar Street?

The stamp duty rate for properties in Aagasthiar Street is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Aagasthiar Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.