Guideline Value for Agaram Colony

Agaram Colony guideline value

The current guideline value of Agaram Colony, located in Agaram village under the Sunguvarchattram SRO, is Rs 102 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Agaram Colony has changed

The guideline value for Agaram Colony has seen several revisions over the years. In 2012, the value was set at Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in 2017. Following this, the value increased significantly to Rs 100 per sq.ft in the 2023 revision, and currently stands at Rs 102 per sq.ft as of the 2024 revision. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%. The change from 2023 to 2024 is a modest rise of 2%. Overall, from 2012 to 2024, the guideline value has increased by 2%.

Guideline values in Agaram

In Agaram village, there are 10 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 102 to Rs 374 per sq.ft. The median value of these streets is Rs 126 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 352 per sq.ft (2024)
• Eden Garden Farm Land: Rs 102 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 102 per sq.ft (2024)
• Mettu Street: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Agaram Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, leading to a combined cost of Rs 9,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, 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. It is 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 Agaram

The guideline value is a crucial factor in property transactions in Agaram. It is used to determine the stamp duty and registration fees that need to be paid during the buying or selling process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for the transaction value. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Agaram Colony?

The current guideline value of Agaram Colony is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and currently stands at Rs 102 per sq.ft in 2024.

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

Other streets in Agaram include Aikon City at Rs 150 per sq.ft, Annai Parasakthi Nagar at Rs 150 per sq.ft, Dnh Sri Maheswari Avenue at Rs 352 per sq.ft, Eden Garden Farm Land at Rs 102 per sq.ft, Gangaiamman Kovil Street at Rs 102 per sq.ft, and Mettu Street at Rs 102 per sq.ft.

How is stamp duty calculated for properties in Agaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be calculated accordingly.

Where can I find the Sub Registrar Office for Agaram?

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