Guideline Value for Agatheeswarar Street/ Venkateswara Nagar

Agatheeswarar Street/ Venkateswara Nagar guideline value

The current guideline value of Agatheeswarar Street/ Venkateswara Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Agatheeswarar Street/ Venkateswara Nagar has changed

The guideline value for Agatheeswarar Street/ Venkateswara Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a rise of 39%. By 2017, it had surged to Rs 1,206 per sq.ft, reflecting a substantial increase of 302%. The value continued to rise, reaching Rs 1,800 per sq.ft in 2023, which was a 49% increase from the previous revision.

As of the 2024 revision, the guideline value stands at Rs 1,980 per sq.ft, representing a 10% increase from the 2023 figure. Overall, from 2003 to 2024, the guideline value has increased by 817%. It is important to note that there are no figures available for the years 2002 and 2012 for this street.

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. The median guideline value for these streets is Rs 1,980 per sq.ft, which is the same as the current value for Agatheeswarar Street/ Venkateswara Nagar.

• Agatheeswarar Street / MGR Nagar: Rs 1,760 per sq.ft (2024)
• Agatheeswarar Nagar: Rs 1,760 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)
• Amarasan Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Agatheeswarar Street/ Venkateswara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration fee would be Rs 1,78,200. It is important to note that the 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 information.

Which Sub Registrar Office covers Agatheeswarar Street/ Venkateswara Nagar?

The Sub Registrar Office that covers Agatheeswarar Street/ Venkateswara Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value. This ensures that the appropriate taxes are paid and helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Agatheeswarar Street/ Venkateswara Nagar?

The current guideline value of Agatheeswarar Street/ Venkateswara Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 216 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 817%.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000. The stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Agatheeswarar Street/ Venkateswara Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined in Anakaputhur?

The guideline value in Anakaputhur is determined by the Registration Department and varies based on the classification of the land and market conditions. It is reviewed periodically to ensure it reflects current property values.