Guideline Value for Agathiar Street(Ramapuram)

Agathiar Street(Ramapuram) guideline value

The current guideline value of Agathiar Street(Ramapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Agathiar Street(Ramapuram) has changed

The guideline value for Agathiar Street(Ramapuram) has seen several revisions over the years. In 2012, the guideline value was Rs 3,300 per sq.ft. This value then decreased to Rs 2,211 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,300 per sq.ft in 2023, and finally, it rose to the current value of Rs 3,600 per sq.ft in 2024. The revisions for the years 2002, 2003, and 2007 have no figures for this street in the register.

Between the revisions, the changes are notable. From 2017 to 2023, there was a substantial increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, there has been a 9% increase in the guideline value.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which is the same as the 2024 figure for Agathiar Street(Ramapuram).

• Abirami Nagar: Rs 2,200 per sq.ft (2024)
• Alagesan Nagar: Rs 3,600 per sq.ft (2024)
• Ambattur Kuppam: Rs 3,600 per sq.ft (2024)
• Ambattur Kuppam T.P.Scheme: Rs 3,600 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,800 per sq.ft (2024)
• Amman Koil Street: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Agathiar Street(Ramapuram)

For a 1,000 sq.ft plot at the current rate of Rs 3,600 per sq.ft, the guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, while the registration fee at 2% would be Rs 72,000, bringing the total to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agathiar Street(Ramapuram)?

The Sub Registrar Office that covers Agathiar Street(Ramapuram) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

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

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agathiar Street(Ramapuram)?

The current guideline value of Agathiar Street(Ramapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then increased to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,600 per sq.ft in 2024.

What is the land classification for Agathiar Street(Ramapuram)?

The land classification for Agathiar Street(Ramapuram) is Residential Class I Type - I.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 36,00,000, the stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000.