Guideline Value for Agatheswarar Nagar

Agatheswarar Nagar guideline value

The current guideline value of Agatheswarar Nagar, located in Perinjampakkam village, is Rs 200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification. The property is registered at the Sriperumpudur SRO.

How the guideline value of Agatheswarar Nagar has changed

The guideline value for Agatheswarar Nagar has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value dropped to Rs 134 per sq.ft, reflecting a decrease of 33%. The value then rose significantly to Rs 200 per sq.ft in 2023, maintaining the same figure in the 2024 revision, resulting in no percentage change from 2023 to 2024.

Since the 2017 revision, the guideline value has increased by 49%. Overall, from 2007 to 2024, the guideline value has seen a 100% increase. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perinjampakkam

In Perinjampakkam, there are 18 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 150 per sq.ft. Agatheswarar Nagar's guideline value of Rs 200 per sq.ft is above this median.

• Ambedhkar Nagar 1st Street: Rs 100 per sq.ft (2024)
• Ambedhkar Nagar 2nd Street: Rs 100 per sq.ft (2024)
• Ambedhkar Nagar 3rd Street: Rs 100 per sq.ft (2024)
• Annai Avenue: Rs 150 per sq.ft (2024)
• Annai Avenue II: Rs 150 per sq.ft (2024)
• Ashok Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Agatheswarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agatheswarar Nagar?

The Sub Registrar Office that covers Agatheswarar Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, please visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perinjampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Agatheswarar Nagar?

The current guideline value of Agatheswarar Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 100 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then dropping to Rs 134 per sq.ft in 2017, and returning to Rs 200 per sq.ft in both 2023 and 2024.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, resulting in a total of Rs 18,000.

Which Sub Registrar Office covers Agatheswarar Nagar?

The Sriperumpudur Sub Registrar Office covers Agatheswarar Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification of Agatheswarar Nagar?

Agatheswarar Nagar falls under the Residential Class I Type - I land classification, indicating its suitability for residential purposes.