Guideline Value for Agan Avenue Phase-II

Agan Avenue Phase-II guideline value

The current guideline value of Agan Avenue Phase-II is Rs 3,080 per sq.ft. This property is located in Perungalathur village and falls under the Padappai SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Agan Avenue Phase-II has changed

The guideline value for Agan Avenue Phase-II has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show a value of Rs 2,800 per sq.ft in 2023, which increased by 10% to Rs 3,080 per sq.ft in the 2024 revision.

Prior to the 2023 revision, the guideline value was not recorded for the aforementioned years. The 2024 figure of Rs 3,080 per sq.ft is significantly above the median value of Rs 2,310 per sq.ft for the 411 streets in Perungalathur under the Padappai SRO.

Guideline values in Perungalathur

In Perungalathur, the guideline values range from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. Agan Avenue Phase-II's 2024 guideline value of Rs 3,080 per sq.ft is above this median.

• Agastheeswarar Koil Street: Rs 1,650 per sq.ft (2024)
• Adithi Garden: Rs 2,970 per sq.ft (2024)
• A.G.S. Colony: Rs 1,980 per sq.ft (2024)
• Akan Avenue: Rs 1,770 per sq.ft (2024)
• Akan Avenue Phase III: Rs 2,800 per sq.ft (2024)
• Akan Avenue Phase IV: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Agan Avenue Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,080 per sq.ft, the total guideline value would be Rs 30,80,000. The stamp duty at 7% would amount to Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, bringing the total to Rs 2,77,200. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Agan Avenue Phase-II?

The Sub Registrar Office that covers Agan Avenue Phase-II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perungalathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration at the Sub Registrar Office.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. The guideline value ensures transparency and helps in the assessment of property values in the area.

Frequently asked questions

What is the current guideline value of Agan Avenue Phase-II?

The current guideline value of Agan Avenue Phase-II is Rs 3,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Agan Avenue Phase-II was Rs 2,800 per sq.ft in 2023 and increased by 10% to Rs 3,080 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Agan Avenue Phase-II?

Agan Avenue Phase-II is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 2,77,200.

Where can I find the Sub Registrar Office for Agan Avenue Phase-II?

The Sub Registrar Office for Agan Avenue Phase-II is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find more details through the provided link.