Guideline Value for Agatheeswarar Nagar

Agatheeswarar Nagar guideline value

The current guideline value of Agatheeswarar Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village and falls under the Sembiam SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Agatheeswarar Nagar has changed

The guideline value for Agatheeswarar Nagar has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 265 per sq.ft. This increased to Rs 288 per sq.ft in 2003, marking a rise of 9%. The value then jumped significantly to Rs 700 per sq.ft in 2007, reflecting a 143% increase. In 2012, the value reached Rs 2,500 per sq.ft, which was a remarkable increase of 257%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is a 61% increase from the 2017 figure.

It is important to note that there is no figure available for the 2023 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 919%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Agatheeswarar Nagar is below this median.

• Agasthiar Street: Rs 2,700 per sq.ft (2024)
• Adi Ammal Thottam: Rs 2,700 per sq.ft (2024)
• Akbar Square 1st Street: Rs 2,700 per sq.ft (2024)
• Akbar Square 2nd Street: Rs 2,700 per sq.ft (2024)
• Akbar Square 3rd Street: Rs 2,700 per sq.ft (2024)
• Akbar Square 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Agatheeswarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Agatheeswarar Nagar?

The Sub Registrar Office that covers Agatheeswarar Nagar is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during property transactions.

When a property is sold, the registration fee and stamp duty are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the current guideline value is essential for both parties to accurately assess the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Agatheeswarar Nagar?

The current guideline value of Agatheeswarar Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 265 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 919% over this period.

What is the land classification of Agatheeswarar Nagar?

Agatheeswarar Nagar is classified as Residential Class II Type - I.

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

For a plot of 1,000 sq.ft, the total guideline value is Rs 27,00,000. The stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Agatheeswarar Nagar?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Agatheeswarar Nagar.