Guideline Value for Agaram Road

Agaram Road guideline value

The current guideline value of Agaram Road in Madambakkam village is Rs 3,800 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Special Type - II.

How the guideline value of Agaram Road has changed

The guideline value for Agaram Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft, an increase of 62% from the 2017 revision, which was Rs 2,345 per sq.ft. The 2012 revision recorded a value of Rs 3,500 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, placing Agaram Road's 2024 figure above this median.

• Agaram Main Road: Rs 3,800 per sq.ft (2024)
• Adithya Nagar Cross Street: Rs 2,400 per sq.ft (2024)
• Adithya Nagar- Anand Avenue Link Road: Rs 2,400 per sq.ft (2024)
• Adithya Nagar Anand Avenue: Rs 2,400 per sq.ft (2024)
• Adithya Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Adithya Nagar 3rd Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Agaram Road

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. 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 more details.

Which Sub Registrar Office covers Agaram Road?

The Sub Registrar Office covering Agaram Road 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 Madambakkam

The guideline value is a crucial factor in property transactions in Madambakkam. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The values are set by the Registration Department and are revised periodically to reflect market conditions.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Agaram Road?

The current guideline value of Agaram Road is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase of 62% from Rs 2,345 per sq.ft in 2017 to Rs 3,800 per sq.ft in 2024. The value decreased by 33% from Rs 3,500 per sq.ft in 2012 to 2017.

What are the other guideline values in Madambakkam?

In Madambakkam, the guideline values range from Rs 1,100 to Rs 6,000 per sq.ft, with a median of Rs 2,400 per sq.ft. Agaram Road's guideline value is above this median.

What fees are associated with property transactions on Agaram Road?

When purchasing property on Agaram Road, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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.