Guideline Value for Agasthiar Nagar

Agasthiar Nagar guideline value

The current guideline value of Agasthiar Nagar, located in Konnur village, is Rs 3,800 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Konnur SRO and is classified as Residential Class II Type - I.

How the guideline value of Agasthiar Nagar has changed

Over the years, the guideline value of Agasthiar Nagar has seen several revisions. The 2002 revision recorded a guideline value of Rs 246 per sq.ft, which increased to Rs 267 per sq.ft in 2003, marking a 9% rise. The value further increased significantly to Rs 700 per sq.ft in 2007, reflecting a 162% change. In 2012, the guideline value was Rs 3,500 per sq.ft, which represented a 400% increase from the previous revision.

The guideline value then decreased to Rs 2,345 per sq.ft in 2017, showing a decline of 33%. However, from 2017 to 2023, the value rose dramatically to Rs 3,500 per sq.ft, which is a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft, a 9% increase from the previous year.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with the 2024 guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, which is equal to the guideline value of Agasthiar Nagar.

• Adhiyamman Street: Rs 5,500 per sq.ft (2024)
• Adhiyamman Nagar: Rs 5,500 per sq.ft (2024)
• Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street: Rs 3,800 per sq.ft (2024)
• Abirami Nagar: Rs 3,800 per sq.ft (2024)
• Ambdekar Street: Rs 3,800 per sq.ft (2024)
• Ambedkar 1st & 2nd Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Agasthiar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Agasthiar Nagar?

The Sub Registrar Office that covers Agasthiar Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the property registration process in Konnur. It determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the overall cost of property transactions. The registration process will require payment of fees based on this value, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Agasthiar Nagar?

The current guideline value of Agasthiar Nagar 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 undergone several revisions, increasing from Rs 246 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 1445%.

What is the land classification for Agasthiar Nagar?

Agasthiar Nagar is classified as Residential Class II Type - I according to the guideline value register.

Where can I find the Sub Registrar Office for Agasthiar Nagar?

The Sub Registrar Office for Agasthiar Nagar is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value incurs a total fee of Rs 3,42,000.