Guideline Value for Agasthiar Street

Agasthiar Street guideline value

The current guideline value of Agasthiar Street in Kolathur village is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the Sembiam SRO and is classified as Residential Class II Type - I.

How the guideline value of Agasthiar Street has changed

Over the years, the guideline value of Agasthiar Street has undergone several revisions. The earliest recorded figure is from 2003, where the guideline value was Rs 286 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2007, marking a 145% rise. The value then surged to Rs 2,500 per sq.ft in 2012, reflecting a 257% increase from the previous revision. However, it saw a decrease to Rs 1,675 per sq.ft in 2017, which was a decline of 33%.

The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, representing a 61% increase from the 2017 figure. Overall, from the 2003 revision to the 2024 revision, Agasthiar Street has seen a remarkable increase of 844% in its guideline value.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Agasthiar Street's 2024 figure below that median.

• Agatheeswarar Nagar: Rs 2,700 per sq.ft (2024)
• Adi Ammal Thottam: Rs 2,700 per sq.ft (2024)
• Akbar Square 1st Street: Rs 2,700 per sq.ft (2024)
• Abirami Nagar: Rs 2,700 per sq.ft (2024)
• Akbar Square 2nd Street: Rs 2,700 per sq.ft (2024)
• Akbar Square 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Agasthiar Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 Agasthiar Street?

The Sub Registrar Office that covers Agasthiar Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the necessary fees and charges. Buyers should be aware that the stamp duty and registration fees are based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Agasthiar Street?

The current guideline value of Agasthiar Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 286 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 844% over the years.

What is the land classification for Agasthiar Street?

Agasthiar Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles the registration of properties in the area.

How is stamp duty calculated for properties on Agasthiar Street?

Stamp duty for properties on Agasthiar Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.