Guideline Value for Agaramthen Road

Agaramthen Road guideline value

The current guideline value of Agaramthen Road in Selaiyur village, under the Selaiyur SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This classification falls under Residential Class I Type - III.

How the guideline value of Agaramthen Road has changed

The guideline value for Agaramthen Road has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 317%. However, from 2012 to 2017, it decreased to Rs 1,675 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, and most recently, it has been revised to Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 358%. This consistent rise illustrates the changing landscape of property values in the area.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Agaramthen Road's current value above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000. Together, these fees amount to Rs 2,47,500. It is important to 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 details.

Which Sub Registrar Office covers Agaramthen Road?

The Sub Registrar Office that covers Agaramthen 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 further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Selaiyur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to understand that the guideline value is set by the government and is subject to periodic revisions. This ensures that the values reflect the current market conditions and help in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Agaramthen Road?

The current guideline value of Agaramthen Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 358%.

What is the land classification for Agaramthen Road?

Agaramthen Road is classified under Residential Class I Type - III.

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 are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price of the property.