Guideline Value for Agastheeswarar Koil Street

Agastheeswarar Koil Street guideline value

The current guideline value of Agastheeswarar Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Agastheeswarar Koil Street has changed

The guideline value for Agastheeswarar Koil Street has seen several revisions over the years. The 2007 revision recorded a value of Rs 300 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a remarkable increase of 400%. However, in 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, and most recently, it has been set at Rs 1,650 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 450%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,310 per sq.ft, placing Agastheeswarar Koil Street's 2024 figure below this median.

• Agan Avenue Phase-II: Rs 3,080 per sq.ft (2024)
• Adithi Garden: Rs 2,970 per sq.ft (2024)
• A.G.S. Colony: Rs 1,980 per sq.ft (2024)
• Akan Avenue: Rs 1,770 per sq.ft (2024)
• Akan Avenue Phase III: Rs 2,800 per sq.ft (2024)
• Akan Avenue Phase IV: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Agastheeswarar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 detailed calculations.

Which Sub Registrar Office covers Agastheeswarar Koil Street?

The Sub Registrar Office that covers Agastheeswarar Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Perungalathur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the actual 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 Agastheeswarar Koil Street?

The current guideline value of Agastheeswarar Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 450% over this period.

What is the land classification of Agastheeswarar Koil Street?

Agastheeswarar Koil Street is classified as Residential Class IV Type - II.

Where can I find the registration office for Agastheeswarar Koil Street?

The registration office for Agastheeswarar Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Agastheeswarar Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500.