Guideline Value for Agatheeswarar Koil 2nd Street

Agatheeswarar Koil 2nd Street guideline value

The current guideline value of Agatheeswarar Koil 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO and is classified as Commercial Class I Type - I.

How the guideline value of Agatheeswarar Koil 2nd Street has changed

The guideline value for Agatheeswarar Koil 2nd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 2,000 per sq.ft. Prior to that, the 2017 revision had the value set at Rs 1,340 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This reflects the changes in property valuation in the area over the years.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Agatheeswarar Koil 2nd Street's 2024 figure above that median.

• Agatheeswarar Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Agatheeswarar Koil 3rd Street: Rs 2,200 per sq.ft (2024)
• Agatheeswarar Koil 4th Street: Rs 2,200 per sq.ft (2024)
• Agatheeswarar Nagar: Rs 2,200 per sq.ft (2024)
• Agatheeswarar Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Agatheeswarar Nagar M.G.R Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Agatheeswarar Koil 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to 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 to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agatheeswarar Koil 2nd Street?

The Sub Registrar Office that covers Agatheeswarar Koil 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pozhichalur

The guideline value plays a crucial role in the registration process of property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers to ensure compliance with legal requirements during property transactions. It helps in determining the financial obligations associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Agatheeswarar Koil 2nd Street?

The current guideline value of Agatheeswarar Koil 2nd 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 from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 64% over the seven-year period.

What is the land classification for Agatheeswarar Koil 2nd Street?

Agatheeswarar Koil 2nd Street is classified as Commercial Class I Type - I, indicating its use for commercial purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Agatheeswarar Koil 2nd Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Pozhichalur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at a rate of 7%.