Guideline Value for Agaligai Street

Agaligai Street guideline value

The current guideline value of Agaligai Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Maathoor village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - III.

How the guideline value of Agaligai Street has changed

Over the years, the guideline value of Agaligai Street has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 500 per sq.ft. The 2017 revision had a lower value of Rs 335 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, there was an increase of 49%, bringing it back to Rs 500 per sq.ft. The current revision for 2024 continues this value at Rs 500 per sq.ft, showing no change from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for Agaligai Street. Thus, the most recent figures reflect the 2012, 2017, 2023, and 2024 revisions, with the overall change from 2012 to 2024 being 0%.

Guideline values in Maathoor

In Maathoor village, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 2,687 per sq.ft. The median value is Rs 500 per sq.ft, which is equal to the guideline value of Agaligai Street.

• Agathiyar Street: Rs 500 per sq.ft (2024)
• Ambethkar Street: Rs 500 per sq.ft (2024)
• Angallamman Kovil Main Road: Rs 505 per sq.ft (2024)
• Angallamman Kovil Street: Rs 505 per sq.ft (2024)
• Angu Nagar: Rs 250 per sq.ft (2024)
• Arunagiriyar Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Agaligai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agaligai Street?

The Sub Registrar Office that covers Agaligai Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Maathoor. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately in the official registry. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Agaligai Street?

The current guideline value of Agaligai Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2012 revision, with a decrease to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023. The value remains unchanged in the 2024 revision.

What is the classification of Agaligai Street?

Agaligai Street is classified as Residential Special Type - III under the Sunguvarchattram SRO.

What are the stamp duty rates for properties in Agaligai Street?

The stamp duty for properties in Agaligai Street is 7%, while the registration fee is 2%. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Agaligai Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.