Guideline Value for Agatheeswarar Nagar

Agatheeswarar Nagar guideline value

The current guideline value of Agatheeswarar Nagar, located in Pozhichalur village, under the Pammal SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I 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 2007 revision, the guideline value was set at Rs 400 per sq.ft. This increased to Rs 1,340 per sq.ft in 2017, marking a substantial rise of 235%. The next revision in 2023 brought the value to Rs 2,000 per sq.ft, an increase of 49% from the previous figure. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

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, with a median value of Rs 1,320 per sq.ft. Agatheeswarar Nagar's current guideline value is above this median.

• Agatheeswarar Nagar 8th Street: 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

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, and the registration fee at 2% would be Rs 44,000, making the total charges Rs 1,98,000. It is important to note that the 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?

The Sub Registrar Office that covers Agatheeswarar Nagar 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property transactions. Buyers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Agatheeswarar Nagar?

The current guideline value of Agatheeswarar Nagar 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 changed significantly from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the other streets in Pozhichalur with the same guideline value?

Other streets in Pozhichalur with the same guideline value of Rs 2,200 per sq.ft include Agatheeswarar Nagar 8th Street, Agatheeswarar Nagar M.G.R Street, and several Agatheeswarar Koil streets.

What is the registration fee for property in Agatheeswarar Nagar?

The registration fee for property in Agatheeswarar Nagar is 2% of the guideline value. For example, for a property valued at Rs 22,00,000, the registration fee would be Rs 44,000.

Where can I find the Sub Registrar Office for Agatheeswarar Nagar?

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