Guideline Value for Agasthiyar Street

Agasthiyar Street guideline value

The current guideline value of Agasthiyar Street in Hastinapuram village is Rs 3,850 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Mixed Type - II land.

How the guideline value of Agasthiyar Street has changed

The guideline value of Agasthiyar Street has seen significant changes over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased dramatically to Rs 3,500 per sq.ft in 2012, marking a rise of 775%. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Agasthiyar Street. Overall, from 2007 to 2024, the guideline value has increased by 863%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,970 per sq.ft, placing Agasthiyar Street's 2024 value above this median.

• Agasthiyar Street Extn.: Rs 3,850 per sq.ft (2024)
• Agananuru Street: Rs 2,970 per sq.ft (2024)
• A.G. Colony Extn.: Rs 2,420 per sq.ft (2024)
• A.K. Nagar(Postal Avenue): Rs 3,850 per sq.ft (2024)
• Ambal Nagar: Rs 2,970 per sq.ft (2024)
• Amman Koil Street: Rs 2,970 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 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total charges together Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also 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 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 Hastinapuram

The guideline value is a crucial factor in property transactions in Hastinapuram. It determines the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees applicable to the transaction.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the asset being transferred.

Frequently asked questions

What is the current guideline value of Agasthiyar Street?

The current guideline value of Agasthiyar Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, rising from Rs 400 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, an overall increase of 863%.

What is the land classification of Agasthiyar Street?

Agasthiyar Street is classified as Mixed Type - II land under the Pallavaram SRO.

Where can I find the registration office for Agasthiyar Street?

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

How is stamp duty calculated for properties on Agasthiyar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,69,500.