Guideline Value for Agastheeswar Koil Street

Agastheeswar Koil Street guideline value

The current guideline value of Agastheeswar Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Agastheeswar Koil Street has changed

The guideline value for Agastheeswar Koil Street has seen significant revisions over the years. Starting from the 2002 revision, the value was Rs 234 per sq.ft. This increased to Rs 265 per sq.ft in 2003, marking a 13% rise. The 2007 revision set the value at Rs 360 per sq.ft, which was a 36% increase from the previous figure. By 2017, the guideline value had jumped to Rs 1,206 per sq.ft, reflecting a substantial 235% increase. The 2023 revision brought the value to Rs 1,800 per sq.ft, a 49% increase from 2017. Finally, the 2024 revision established the current value at Rs 1,980 per sq.ft, representing a 10% increase from the previous year.

It is worth noting that the register has no figure for Agastheeswar Koil Street for the year 2012.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, positioning Agastheeswar Koil Street's 2024 figure below that median.

• Agatheeswarar Koil Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Adhiyamaan Street(Muthamazhi Nagar): Rs 2,475 per sq.ft (2024)
• Adam Nagar Main Road: Rs 2,750 per sq.ft (2024)
• Adam Nagar 5th Street: Rs 2,750 per sq.ft (2024)
• Adam Nagar 5th Cross Street: Rs 2,750 per sq.ft (2024)
• Adam Nagar 4th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Agastheeswar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600. Together, these fees would total Rs 1,78,200. 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 more details.

Which Sub Registrar Office covers Agastheeswar Koil Street?

The Sub Registrar Office that covers Agastheeswar Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pammal

The guideline value is an essential factor during property registration in Pammal. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agastheeswar Koil Street?

The current guideline value of Agastheeswar Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has increased significantly, from Rs 234 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 746%.

What is the land classification for Agastheeswar Koil Street?

Agastheeswar Koil Street is classified as Residential Class II Type - II, indicating its suitability for residential developments.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Pammal?

Stamp duty for properties in Pammal is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.