Guideline Value for Agathimuthan Street

Agathimuthan Street guideline value

The current guideline value of Agathimuthan Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Agathimuthan Street has changed

The guideline value for Agathimuthan Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 945 per sq.ft. This figure saw a significant increase to Rs 5,000 per sq.ft in 2012, marking a rise of 429%. However, in 2017, the value dropped to Rs 3,350 per sq.ft, a decrease of 33%. The value then increased to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 482%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, positioning Agathimuthan Street's 2024 figure below this median.

• Adhipattan Street: Rs 16,400 per sq.ft (2024)
• Adhikesavan Street: Rs 7,700 per sq.ft (2024)
• Adam Salai (Swami Sivanandha Salai): Rs 13,200 per sq.ft (2024)
• Akbar Sahib Street: Rs 7,700 per sq.ft (2024)
• Abdul Kareem Street: Rs 6,600 per sq.ft (2024)
• Abdul Kareem Lane: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Agathimuthan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that 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 details.

Which Sub Registrar Office covers Agathimuthan Street?

The Sub Registrar Office that covers Agathimuthan Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Triplicane. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership.

It is crucial for buyers and sellers to be aware of the guideline value as it influences the overall cost involved in property transactions, including taxes and fees associated with registration.

Frequently asked questions

What is the current guideline value of Agathimuthan Street?

The current guideline value of Agathimuthan Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 945 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 482% over the years.

What is the stamp duty rate for properties in Agathimuthan Street?

The stamp duty rate for properties in Agathimuthan Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Agathimuthan Street?

The Sub Registrar Office for Agathimuthan Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the land classification for Agathimuthan Street?

The land classification for Agathimuthan Street is Residential Class II Type - I, which indicates its designated use for residential purposes.