Guideline Value for Agasthiyar Back Street

Agasthiyar Back Street guideline value

The current guideline value of Agasthiyar Back 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 falls under the Residential Class I Type - II land classification.

How the guideline value of Agasthiyar Back Street has changed

The guideline value for Agasthiyar Back Street has seen several revisions over the years. In 2003, the value was Rs 288 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a growth of 108%. The value then rose dramatically to Rs 3,000 per sq.ft in 2012, reflecting a 400% increase. However, it decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value then climbed to Rs 3,000 per sq.ft in 2023, and finally reached 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 the register has no figure for this street for the year 2002.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values 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 value for Agasthiyar Back Street.

• Agasthiyar 3rd Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar lane: Rs 3,300 per sq.ft (2024)
• Agasthiyar 2nd Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar 1st Street: 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 Back Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agasthiyar Back Street?

The Agasthiyar Back Street is covered by 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 the benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When buyers and sellers engage in a transaction, the guideline value ensures that the property is assessed at a fair value for tax purposes. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Agasthiyar Back Street?

The current guideline value of Agasthiyar Back Street is Rs 3,300 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 288 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1046% over the years.

What is the land classification for Agasthiyar Back Street?

Agasthiyar Back Street falls under the Residential Class I Type - II land classification, indicating its suitability for residential development.

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

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.