Guideline Value for Agaram Colony

Agaram Colony guideline value

The current guideline value of Agaram Colony, located in AagaramB village under the Sunguvarchattram SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Agaram Colony has changed

In the 2017 revision, the guideline value was set at Rs 67 per sq.ft. This figure remained unchanged at Rs 100 per sq.ft in both the 2023 and 2024 revisions, indicating a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

The 2023 revision maintained the guideline value at Rs 100 per sq.ft, showing no change from the previous year. The 2024 revision also confirmed this figure, meaning that the guideline value has remained stable at Rs 100 per sq.ft since 2023.

Guideline values in AagaramB

AagaramB village has ten streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 100 to Rs 374 per sq.ft. The median value for these streets is Rs 125 per sq.ft, placing Agaram Colony's 2024 figure below that median.

• Aikon City: Rs 150 per sq.ft (2024)
• Annai Parasakthi Nagar: Rs 150 per sq.ft (2024)
• Dnh Sri Maheswari Avenue: Rs 350 per sq.ft (2024)
• Eden Garden Farm Land: Rs 100 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 100 per sq.ft (2024)
• Mettu Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Agaram Colony

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value is Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 Agaram Colony?

The Sub Registrar Office that covers Agaram Colony 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 more information.

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

The guideline value is a crucial factor in property transactions in AagaramB, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that are payable at the time of registration.

It is essential to be aware that the guideline value is updated periodically, and prospective buyers and sellers should check the current rates to ensure compliance with regulations. This value serves as a reference point for both parties in a real estate transaction.

Frequently asked questions

What is the current guideline value of Agaram Colony?

The current guideline value of Agaram Colony is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since the 2023 revision. It increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, marking a 49% increase over that period.

What is the classification of land in Agaram Colony?

Agaram Colony is classified as Residential Class II Type - I, which indicates its suitability for residential development.

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

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Agaram Colony located?

The Sub Registrar Office covering Agaram Colony is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, in the Chengalpattu registration zone.