Guideline Value for Agatheeswarar Nagar 8th Street

Agatheeswarar Nagar 8th Street guideline value

The current guideline value of Agatheeswarar Nagar 8th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Agatheeswarar Nagar 8th Street has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

Pozhichalur village has a total of 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Agatheeswarar Nagar 8th Street's current guideline value is above this median.

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

Stamp duty and registration fee for property in Agatheeswarar Nagar 8th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agatheeswarar Nagar 8th Street?

The Sub Registrar Office that covers Agatheeswarar Nagar 8th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property sales. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with the legal requirements.

When purchasing property, the guideline value is compared with the sale price, and the higher of the two amounts is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agatheeswarar Nagar 8th Street?

The current guideline value of Agatheeswarar Nagar 8th 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 increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 64%.

What are the stamp duty and registration fees for property in Agatheeswarar Nagar 8th Street?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,98,000, which includes stamp duty and registration fees.

Which Sub Registrar Office covers Agatheeswarar Nagar 8th Street?

The Pammal Sub Registrar Office covers Agatheeswarar Nagar 8th Street, located on Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Agatheeswarar Nagar 8th Street?

The land classification for Agatheeswarar Nagar 8th Street is Commercial Class I Type - I.