Guideline Value for Agasthiyar Street

Agasthiyar Street guideline value

The current guideline value of Agasthiyar Street in Selaiyur village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Agasthiyar Street has changed

Over the years, the guideline value of Agasthiyar Street has seen significant changes. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 233%. However, the value decreased by 33% to Rs 1,340 per sq.ft in 2017. The next revision in 2023 brought it back up to Rs 2,000 per sq.ft, and the most recent revision in 2024 set the current value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

The guideline value register does not have figures for the years 2002 and 2003 for Agasthiyar Street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO with a 2024 guideline value range from Rs 850 to Rs 6,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which aligns with the current value of Agasthiyar Street.

• Agaramthen Road: Rs 2,750 per sq.ft (2024)
• Agaram Road Profesor Colony 2nd Street: Rs 3,500 per sq.ft (2024)
• Agaram Road Profesor Colony 1st Street: Rs 3,500 per sq.ft (2024)
• Agaram Road Profesor Colony: Rs 3,500 per sq.ft (2024)
• Agaram Road I.A.F: Rs 2,200 per sq.ft (2024)
• Agaram Road: Rs 3,750 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 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. 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 covering Agasthiyar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Selaiyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agasthiyar Street?

The current guideline value of Agasthiyar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 267%.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft, which is the same as the current value for Agasthiyar Street.

What are the registration fees for property in Agasthiyar Street?

The registration fees for a property in Agasthiyar Street include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Agasthiyar Street located?

The Sub Registrar Office for Agasthiyar Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.