Guideline Value for Agasthiyar Street

Agasthiyar Street guideline value

The current guideline value of Agasthiyar Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village under the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of Agasthiyar Street has changed

The guideline value of Agasthiyar Street has seen several revisions over the years. Starting from Rs 159 per sq.ft in 2002, it increased to Rs 300 per sq.ft in 2003, marking an increase of 89%. The value then surged significantly to Rs 1,000 per sq.ft in 2007, representing a 233% rise. It further rose to Rs 2,500 per sq.ft in 2012, which was a 150% increase. However, between 2012 and 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then climbed to Rs 2,500 per sq.ft in 2023, followed by a final increase to the current rate of Rs 2,800 per sq.ft in 2024, which is a 12% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1661%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Tharamani

In Tharamani village, there are 78 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median guideline value is Rs 2,800 per sq.ft, making Agasthiyar Street's current value equal to this median.

• Anbalagan Nagar Putru Koil Street: Rs 2,800 per sq.ft (2024)
• Anbalagan Nagar Sathya Street: Rs 2,800 per sq.ft (2024)
• Anna Street: Rs 2,800 per sq.ft (2024)
• Arangannal Street: Rs 2,800 per sq.ft (2024)
• Avvai Street: Rs 2,800 per sq.ft (2024)
• Bharathi Nagar Bhavani Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Agasthiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. 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 Agasthiyar Street?

The Sub Registrar Office that covers Agasthiyar Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Tharamani. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is assessed to ensure that the appropriate fees are collected. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the correct amount for property transactions.

Frequently asked questions

What is the current guideline value of Agasthiyar Street?

The current guideline value of Agasthiyar Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 159 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1661% over the years.

What are the stamp duty and registration fees for property on Agasthiyar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 28,00,000. The stamp duty is Rs 1,96,000, and the registration fee is Rs 56,000, totaling Rs 2,52,000.

Which office handles registrations for Agasthiyar Street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles registrations for Agasthiyar Street.

Where can I find more information about the guideline values in Tharamani?

More information about the guideline values in Tharamani can be found in the Registration Department's guideline value register (TNReginet) or by visiting the Adayar Sub Registrar Office.