Guideline Value for Agathiswaran Koil Street

Agathiswaran Koil Street guideline value

The current guideline value of Agathiswaran Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Mogalivakkam village under the Kunrathur SRO, classified as Residential Special Type - III.

How the guideline value of Agathiswaran Koil Street has changed

The guideline value for Agathiswaran Koil Street has seen several revisions over the years. Starting from Rs 600 per sq.ft in 2007, it increased significantly to Rs 2,300 per sq.ft in 2012, marking a rise of 283%. However, there was a decrease to Rs 1,541 per sq.ft in 2017, which represented a drop of 33%. The value then surged to Rs 2,300 per sq.ft in 2023, followed by the latest revision to Rs 2,530 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 322%.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft, with a median value of Rs 2,970 per sq.ft. Agathiswaran Koil Street's 2024 figure is below this median.

• A.G.S.Colony: Rs 2,530 per sq.ft (2024)
• Adhikesava Thillai Nagar: Rs 3,520 per sq.ft (2024)
• Air India Colony: Rs 2,860 per sq.ft (2024)
• Amman Koil Street: Rs 2,860 per sq.ft (2024)
• Ananda Nagar: Rs 2,860 per sq.ft (2024)
• Annai Kamala Street: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Agathiswaran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total fees to Rs 2,27,700. 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 detailed calculations.

Which Sub Registrar Office covers Agathiswaran Koil Street?

The Agathiswaran Koil Street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mogalivakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately and legally. Buyers and sellers should always refer to the latest guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Agathiswaran Koil Street?

The current guideline value of Agathiswaran Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, representing an overall increase of 322% over the years.

What is the registration office for Agathiswaran Koil Street?

The registration office for Agathiswaran Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Agathiswaran Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a stamp duty of Rs 1,77,100.

What are the other streets in Mogalivakkam with guideline values?

Other streets in Mogalivakkam include A.G.S.Colony at Rs 2,530 per sq.ft, Adhikesava Thillai Nagar at Rs 3,520 per sq.ft, and several others, with values ranging up to Rs 6,600 per sq.ft.