Guideline Value for Agananuru Street

Agananuru Street guideline value

The current guideline value of Agananuru Street, located in Hastinapuram village under the Pallavaram SRO, is Rs 2,970 per sq.ft as per the 2024 revision effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Agananuru Street has changed

The guideline value for Agananuru Street has seen several revisions over the years. In 2007, the guideline value was Rs 525 per sq.ft, which increased significantly to Rs 2,700 per sq.ft in 2012, marking a rise of 414%. However, from 2012 to 2017, the value decreased by 33% to Rs 1,809 per sq.ft. The following revision in 2023 set the value at Rs 2,700 per sq.ft, which then increased by 10% to reach the current value of Rs 2,970 per sq.ft in 2024.

There are no recorded figures for Agananuru Street in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 466%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft, with the median being Rs 2,970 per sq.ft. The guideline value for Agananuru Street matches this median.

• Agasthiyar Street: Rs 3,850 per sq.ft (2024)
• Agasthiyar Street Extn.: Rs 3,850 per sq.ft (2024)
• A.G. Colony Extn.: Rs 2,420 per sq.ft (2024)
• A.K. Nagar(Postal Avenue): Rs 3,850 per sq.ft (2024)
• Ambal Nagar: Rs 2,970 per sq.ft (2024)
• Amman Koil Street: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Agananuru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400. Together, the total cost for stamp duty and registration fee would be Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agananuru Street?

The Sub Registrar Office that covers Agananuru Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and fair, reflecting the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Agananuru Street?

The current guideline value of Agananuru Street is Rs 2,970 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 525 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, marking an overall increase of 466% over the years.

What are the stamp duty and registration fees for property in Agananuru Street?

For a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900 and the registration fee would be Rs 59,400, totaling Rs 2,67,300.

Which Sub Registrar Office is responsible for Agananuru Street?

The Pallavaram Sub Registrar Office is responsible for Agananuru Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Agananuru Street?

Agananuru Street falls under the Residential Class I Type - I land classification, indicating its suitability for residential development.