Guideline Value for Agasthiyar Nagar

Agasthiyar Nagar guideline value

The current guideline value of Agasthiyar Nagar is Rs 10,100 per sq.ft, effective from 1 July 2024. This area is located in Egmore village, under the Periamet SRO, with a land classification of Mixed Type - II.

How the guideline value of Agasthiyar Nagar has changed

The guideline value for Agasthiyar Nagar has undergone several revisions over the years. The earliest recorded revision is from 2003, where the guideline value was Rs 1,479 per sq.ft. In 2007, this figure increased significantly to Rs 2,000 per sq.ft, marking a rise of 35%. The next revision in 2012 saw a further jump to Rs 9,200 per sq.ft, which was a remarkable increase of 360%. However, in 2017, the value decreased to Rs 6,164 per sq.ft, reflecting a decline of 33%. The 2023 revision set the value at Rs 9,200 per sq.ft, and the most recent revision in 2024 raised it to Rs 10,100 per sq.ft, an increase of 10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 583%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value of Agasthiyar Nagar is above this median.

• Abdul sukkur street: Rs 4,400 per sq.ft (2024)
• Alagappa first Street: Rs 11,000 per sq.ft (2024)
• Alagappa Salai: Rs 13,400 per sq.ft (2024)
• Abdul HussianStreet: Rs 4,400 per sq.ft (2024)
• Andiappa Gramani Street: Rs 7,100 per sq.ft (2024)
• Appa Garden Salai: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Agasthiyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 10,100 per sq.ft, the total guideline value would be Rs 1,01,00,000. The stamp duty at 7% would amount to Rs 7,07,000, and the registration fee at 2% would be Rs 2,02,000, making the total cost for these fees Rs 9,09,000. 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 further calculations.

Which Sub Registrar Office covers Agasthiyar Nagar?

The Sub Registrar Office that covers Agasthiyar Nagar is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Egmore. It is used to determine the stamp duty and registration fees payable when buying or selling a property. The registration office uses this value to assess the transaction and ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Agasthiyar Nagar?

The current guideline value of Agasthiyar Nagar is Rs 10,100 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 1,479 per sq.ft in 2003 to Rs 10,100 per sq.ft in 2024, reflecting an overall increase of 583% over this period.

What is the land classification of Agasthiyar Nagar?

Agasthiyar Nagar is classified as Mixed Type - II, which indicates the type of land use permitted in this area.

Where is the Sub Registrar Office for Agasthiyar Nagar located?

The Sub Registrar Office for Agasthiyar Nagar is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Agasthiyar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,01,00,000, the stamp duty at 7% would be Rs 7,07,000.