Guideline Value for Agasthiyar 2nd Street

Agasthiyar 2nd Street guideline value

The current guideline value of Agasthiyar 2nd Street is Rs 3,300 per sq.ft. This street is located in Zaminpallavaram village, under the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Agasthiyar 2nd Street has changed

The guideline value for Agasthiyar 2nd Street has seen several revisions over the years. In 2003, the value was Rs 288 per sq.ft. This increased to Rs 600 per sq.ft in 2007, marking a rise of 108%. The value then surged to Rs 3,000 per sq.ft in 2012, reflecting a significant increase of 400%. However, it decreased to Rs 2,010 per sq.ft in 2017, which was a decline of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and finally, it reached the current rate of Rs 3,300 per sq.ft in 2024, representing a 10% increase from the previous year.

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 with 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 the same as the current figure for Agasthiyar 2nd Street.

• Agasthiyar 1st 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 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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. It is important to note that the 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 details.

Which Sub Registrar Office covers Agasthiyar 2nd Street?

The Sub Registrar Office that covers Agasthiyar 2nd 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 online for more information.

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

The guideline value is a crucial factor when buying or selling property in Zaminpallavaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair. Buyers and sellers must consider this value to understand the financial implications of their property transactions.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Agasthiyar 2nd Street?

The current guideline value of Agasthiyar 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 288 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, which is an overall increase of 1046%.

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

Other streets in Zaminpallavaram with the same guideline value of Rs 3,300 per sq.ft include Agasthiyar 1st Street, Agasthiyar 3rd Street, Agasthiyar Back Street, Agasthiyar lane, Agasthiyar Street, and Agathiyar Lane.

How is stamp duty calculated for properties in Agasthiyar 2nd Street?

Stamp duty for properties in Agasthiyar 2nd Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 2,31,000.

Where can I find the Sub Registrar Office for Agasthiyar 2nd Street?

The Sub Registrar Office for Agasthiyar 2nd Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.