Guideline Value for Agasthiyar Street

Agasthiyar Street guideline value

The current guideline value of Agasthiyar Street in Kilkattalai village is Rs 2,160 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Agasthiyar Street has changed

The guideline value for Agasthiyar Street has seen several revisions over the years. In 2003, the value was Rs 156 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following this, there was a significant jump to Rs 2,000 per sq.ft in 2012. However, the value dropped to Rs 1,340 per sq.ft in 2017. The next revision in 2023 saw an increase to Rs 2,000 per sq.ft, and finally, the current guideline value is Rs 2,160 per sq.ft as of 2024. Notably, there is no figure available for the year 2002 in the register for this street.

Between these revisions, the changes were substantial. From 2003 to 2007, the guideline value increased by 92%, followed by a remarkable 567% rise from 2007 to 2012. The value then decreased by 33% from 2012 to 2017. After a 49% increase from 2017 to 2023, the current revision reflects an 8% increase from the previous year.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in the village is Rs 2,530 per sq.ft, making the current value of Agasthiyar Street below this median.

• A.G.Karmegam Nagar: Rs 2,530 per sq.ft (2024)
• Ag's Colony Balaji Nagar 1 To 5 Streets: Rs 2,200 per sq.ft (2024)
• Alamelumangapuram: Rs 4,125 per sq.ft (2024)
• Alamelumangapuram 1st M.Road: Rs 4,125 per sq.ft (2024)
• Alamelumangapuram,1 To 3 Streets: Rs 4,125 per sq.ft (2024)
• Alandur Main Road: Rs 4,125 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 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total fees to Rs 1,94,400. 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 Agasthiyar 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 Kilkattalai

The guideline value plays a crucial role in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When a property transaction occurs, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures transparency and compliance with legal requirements during the property transfer process.

Frequently asked questions

What is the current guideline value of Agasthiyar Street?

The current guideline value of Agasthiyar Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the value increasing from Rs 156 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, reflecting an overall increase of 1285%.

What is the land classification of Agasthiyar Street?

Agasthiyar Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

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

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

How is stamp duty calculated for properties in Kilkattalai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is typically charged at a rate of 7%, along with a registration fee of 2% on the guideline value or sale price.