Guideline Value for Agasthiyar 1st Street

Agasthiyar 1st Street guideline value

The current guideline value of Agasthiyar 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Agasthiyar 1st Street has changed

The guideline value for Agasthiyar 1st Street has undergone several revisions over the years. In 2003, the guideline value was Rs 288 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The value saw a significant rise of 400% during this period. By 2012, the guideline value was Rs 3,000 per sq.ft, marking a decrease of 33% from the previous revision. The value remained the same in 2023 at Rs 3,000 per sq.ft before increasing to Rs 3,300 per sq.ft in 2024, a rise of 10%.

From 2017, when the guideline value was Rs 2,010 per sq.ft, to 2023, there was a notable increase of 49%. Overall, from 2003 to 2024, the guideline value has increased by 1046%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO carrying a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Agasthiyar 1st Street.

• Agasthiyar 2nd Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar 3rd Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar Back Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar lane: Rs 3,300 per sq.ft (2024)
• Agasthiyar Street: Rs 3,300 per sq.ft (2024)
• Agathiyar Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Agasthiyar 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 Agasthiyar 1st Street?

The Sub Registrar Office covering Agasthiyar 1st Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two values is used for calculating the applicable duties and fees. This ensures that both buyers and sellers are aware of the financial implications involved in property transactions.

Frequently asked questions

What is the current guideline value of Agasthiyar 1st Street?

The current guideline value of Agasthiyar 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen significant changes, increasing from Rs 288 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1046%.

What are the other streets in Zaminpallavaram with the same guideline value?

Other streets in Zaminpallavaram with the same 2024 guideline value of Rs 3,300 per sq.ft include Agasthiyar 2nd Street, Agasthiyar 3rd Street, Agasthiyar Back Street, Agasthiyar lane, Agasthiyar Street, and Agathiyar Lane.

What is the stamp duty rate for properties in Agasthiyar 1st Street?

The stamp duty rate for properties in Agasthiyar 1st Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Agasthiyar 1st Street located?

The Sub Registrar Office for Agasthiyar 1st Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.