Guideline Value for Agatheeswarar Nagar M.G.R Street

Agatheeswarar Nagar M.G.R Street guideline value

The current guideline value of Agatheeswarar Nagar M.G.R 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 Nagar M.G.R Street has changed

The guideline value for Agatheeswarar Nagar M.G.R Street has seen 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 Rs 2,000 per sq.ft in the 2023 revision. Prior to that, in 2017, the guideline value was Rs 1,340 per sq.ft, marking a significant increase of 49% 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 this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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 Nagar M.G.R Street's 2024 figure above that median.

• Agatheeswarar Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Agatheeswarar Nagar: 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 M.G.R 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 amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 precise calculations.

Which Sub Registrar Office covers Agatheeswarar Nagar M.G.R Street?

The Sub Registrar Office that covers Agatheeswarar Nagar M.G.R Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value of a property during registration, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential to consider this value, as it can influence negotiations and the overall cost of property transfer.

Frequently asked questions

What is the current guideline value of Agatheeswarar Nagar M.G.R Street?

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

How much has the guideline value changed since 2017?

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

What are the stamp duty and registration fees for property in Agatheeswarar Nagar M.G.R Street?

The stamp duty is charged at 7% and the registration fee at 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which office handles registrations for Agatheeswarar Nagar M.G.R Street?

The Pammal Sub Registrar Office handles registrations for Agatheeswarar Nagar M.G.R Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Agatheeswarar Nagar M.G.R Street?

Agatheeswarar Nagar M.G.R Street is classified as Commercial Class I Type - I.