Guideline Value for Agaram Main Road

Agaram Main Road guideline value

The current guideline value of Agaram Main Road in Agaramthen village is Rs 990 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Agaram Main Road has changed

Over the years, the guideline value for Agaram Main Road has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision and further to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, there has been an overall increase of 10%. Notably, the 2017 revision had a substantial increase of 49% from the 2017 figure to the 2023 figure. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft as of 2024. The median value for these streets is Rs 830 per sq.ft, making Agaram Main Road's 2024 figure of Rs 990 per sq.ft above the median.

• Allikulam Street: Rs 440 per sq.ft (2024)
• Ambedkar Street: Rs 440 per sq.ft (2024)
• Ambethkar Main Road: Rs 550 per sq.ft (2024)
• Anna Cross Street: Rs 550 per sq.ft (2024)
• Annai Sathiya 1st Main Road: Rs 830 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Main Road: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Agaram Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, leading to a total cost of Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Agaram Main Road?

The Agaram Main Road is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Agaramthen. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to accurately calculate these costs.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the market conditions. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Agaram Main Road?

The current guideline value of Agaram Main Road is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on Agaram Main Road?

For a 1,000 sq.ft property at the guideline value of Rs 990 per sq.ft, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles registrations for Agaram Main Road?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Agaram Main Road, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the significance of the guideline value when buying property?

The guideline value is essential for calculating stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair value, reflecting the current market conditions.