Guideline Value for Agaram Road Profesor Colony

Agaram Road Profesor Colony guideline value

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

How the guideline value of Agaram Road Profesor Colony has changed

The guideline value for Agaram Road Profesor Colony has seen several revisions over the years. The 2012 revision set the value at Rs 3,300 per sq.ft, which then decreased to Rs 2,211 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 3,300 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 3,500 per sq.ft, reflecting a 6% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

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 for these streets is Rs 2,200 per sq.ft, making the 2024 guideline value of Agaram Road Profesor Colony above that median.

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

For a 1,000 sq.ft plot at the current rate of Rs 3,500 per sq.ft, the 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, totaling Rs 3,15,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Agaram Road Profesor Colony?

The Sub Registrar Office that covers Agaram Road Profesor Colony 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

The guideline value plays a crucial role during property transactions in Selaiyur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The value ensures that the government receives appropriate revenue from property transactions.

When registering a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process is fair and transparent.

Frequently asked questions

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

The current guideline value of Agaram Road Profesor Colony 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, indicating a 49% increase from that year to 2023.

What is the land classification of Agaram Road Profesor Colony?

The land classification for Agaram Road Profesor Colony is Residential Special Type - IV. This classification is important for understanding the type of development allowed in the area.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles all registrations for properties in the area.

How is the stamp duty calculated for properties in Selaiyur?

Stamp duty for properties in Selaiyur is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 35,00,000, the stamp duty at 7% would be Rs 2,45,000.