Guideline Value for Agatheeswarar Nagar

Agatheeswarar Nagar guideline value

The current guideline value of Agatheeswarar Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Agatheeswarar Nagar has changed

The guideline value for Agatheeswarar Nagar has seen significant changes over the years. In the 2003 revision, the value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The 2017 revision marked a substantial jump to Rs 1,072 per sq.ft, followed by another increase to Rs 1,600 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2012 for this street.

Overall, from 2003 to 2024, the guideline value has increased by 588%. This includes a 257% increase from 2007 to 2017 and a 49% increase from 2017 to 2023. Each revision indicates a steady rise in the guideline value, reflecting the evolving landscape of the area.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value of Agatheeswarar Nagar is below this median.

• Agatheeswarar Street / MGR Nagar: Rs 1,760 per sq.ft (2024)
• Agatheeswarar Street/ Venkateswara Nagar: Rs 1,980 per sq.ft (2024)
• Adivasi Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Adhivasikal Nagar: Rs 2,350 per sq.ft (2024)
• Adajniamman Koil Street: Rs 1,760 per sq.ft (2024)
• Aannal Gandhi Nagar: Rs 2,350 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 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, resulting in a total of Rs 1,58,400. 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 the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Agatheeswarar Nagar?

Agatheeswarar Nagar falls under the jurisdiction of 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 Anakaputhur

The guideline value is a crucial aspect when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When registering property, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agatheeswarar Nagar?

The current guideline value of Agatheeswarar Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 256 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 588% over this period.

What are the stamp duty rates for property in Agatheeswarar Nagar?

The stamp duty rate for property transactions in Agatheeswarar Nagar is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registration for Agatheeswarar Nagar?

The Pammal Sub Registrar Office is responsible for property registration in Agatheeswarar Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft, with Agatheeswarar Nagar's guideline value being below this median.