Guideline Value for Agatheeswarar Koil Street

Agatheeswarar Koil Street guideline value

The current guideline value of Agatheeswarar Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kolapakkam village under the Pammal Sub Registrar Office (SRO), and it falls under the Residential Class II Type - I land classification.

How the guideline value of Agatheeswarar Koil Street has changed

Agatheeswarar Koil Street has seen several revisions in its guideline value over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase from Rs 2,000 per sq.ft in 2023. This change represents a 10% increase. Before that, in 2017, the guideline value was Rs 1,340 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Agatheeswarar Koil Street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which matches the current value of Agatheeswarar Koil Street.

• Akashya Nagar: Rs 2,200 per sq.ft (2024)
• Ambetkar Street: Rs 1,650 per sq.ft (2024)
• Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Annai Therasa Nagar: Rs 2,200 per sq.ft (2024)
• Anna Main Road (ward 2): Rs 2,750 per sq.ft (2024)
• Anna Main Road (ward 4): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Agatheeswarar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration fee would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agatheeswarar Koil Street?

The Sub Registrar Office that covers Agatheeswarar Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kolapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it affects the overall transaction costs. The registration process requires that the property be valued at either the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Agatheeswarar Koil Street?

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

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, representing an overall increase of 64%.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 22,00,000, the total cost for stamp duty and registration fees would be Rs 1,98,000.

Which office handles property registrations for Agatheeswarar Koil Street?

The Pammal Sub Registrar Office handles property registrations for Agatheeswarar Koil Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value when buying property?

The guideline value is essential as it determines the minimum value for property registration, influencing the stamp duty and registration fees. Buyers and sellers must consider this value during transactions to ensure compliance with local regulations.