Guideline Value for Agaram Road Profesor Colony 2nd Street

Agaram Road Profesor Colony 2nd Street guideline value

The current guideline value of Agaram Road Profesor Colony 2nd Street is Rs 3,500 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - IV.

How the guideline value of Agaram Road Profesor Colony 2nd Street has changed

The guideline value for Agaram Road Profesor Colony 2nd Street has seen several revisions over the years. In 2012, the value was Rs 3,300 per sq.ft, which then decreased to Rs 2,211 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,300 per sq.ft in 2023, and then further rose to Rs 3,500 per sq.ft in 2024, marking a change of +6% from the previous year.

From 2017 to 2023, the guideline value rose by +49%. Overall, from 2012 to 2024, the value has increased by +6%. 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 guideline value in this area is Rs 2,200 per sq.ft, placing Agaram Road Profesor Colony 2nd Street's 2024 figure above this median.

• Agaram Road Profesor Colony 1st Street: Rs 3,500 per sq.ft (2024)
• Agaramthen Road: Rs 2,750 per sq.ft (2024)
• Agaram Road Profesor Colony: Rs 3,500 per sq.ft (2024)
• Agaram Road I.A.F: Rs 2,200 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 2nd Street

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

You can also use our stamp duty and registration fee calculator for more accurate estimations.

Which Sub Registrar Office covers Agaram Road Profesor Colony 2nd Street?

The Agaram Road Profesor Colony 2nd Street is covered by 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

The guideline value is crucial during property transactions in Selaiyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is important for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to avoid any potential issues during the registration process.

Frequently asked questions

What is the current guideline value of Agaram Road Profesor Colony 2nd Street?

The current guideline value of Agaram Road Profesor Colony 2nd 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, reflecting a +6% increase. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012.

What is the land classification of Agaram Road Profesor Colony 2nd Street?

Agaram Road Profesor Colony 2nd Street is classified as Residential Special Type - IV, which indicates its suitability for residential development.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Selaiyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 35,00,000 would incur a stamp duty of Rs 2,45,000 at a rate of 7%.