Guideline Value for Agaram Road Profesor Colony 1st Street

Agaram Road Profesor Colony 1st Street guideline value

The current guideline value of Agaram Road Profesor Colony 1st Street is Rs 3,500 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Agaram Road Profesor Colony 1st Street has changed

Over the years, the guideline value of Agaram Road Profesor Colony 1st Street has seen several revisions. The 2012 revision set the value at Rs 3,300 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,211 per sq.ft. However, the value increased to Rs 3,300 per sq.ft in 2023 and further rose to Rs 3,500 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 6% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median value across these streets is Rs 2,200 per sq.ft, positioning Agaram Road Profesor Colony 1st Street above this median at Rs 3,500 per sq.ft.

• Agaram Road Profesor Colony: Rs 3,500 per sq.ft (2024)
• Agaram Road Profesor Colony 2nd Street: Rs 3,500 per sq.ft (2024)
• Agaram Road I.A.F: Rs 2,200 per sq.ft (2024)
• Agaramthen Road: Rs 2,750 per sq.ft (2024)
• Agaram Road: Rs 3,750 per sq.ft (2024)
• Agasthiyar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Agaram Road Profesor Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total cost to Rs 3,15,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Agaram Road Profesor Colony 1st Street?

The Sub Registrar Office that covers Agaram Road Profesor Colony 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

When buying or selling property in Selaiyur, the guideline value is a crucial factor during the registration process. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The higher value between the guideline and the sale price is used to determine the applicable stamp duty, which is an essential part of the property transaction process.

Frequently asked questions

What is the current guideline value of Agaram Road Profesor Colony 1st Street?

The current guideline value of Agaram Road Profesor Colony 1st Street is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,500 per sq.ft in 2024, marking a 6% increase. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for this street?

The land classification for Agaram Road Profesor Colony 1st Street is Residential Special Type - IV, indicating its designated use for residential purposes.

Where can I find the registration office for this area?

The Selaiyur Sub Registrar Office covers Agaram Road Profesor Colony 1st Street, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 35,00,000, the stamp duty at 7% would amount to Rs 2,45,000.