Guideline Value for Agathiyar Street

Agathiyar Street guideline value

The current guideline value of Agathiyar Street in Adambakkam village, under the Alandur SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Agathiyar Street has changed

The guideline value of Agathiyar Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 253 per sq.ft. It increased to Rs 289 per sq.ft in 2003, followed by a significant rise to Rs 900 per sq.ft in 2007. The value then saw a substantial increase to Rs 3,500 per sq.ft in 2012, but it decreased to Rs 2,345 per sq.ft in 2017. The value rose again to Rs 3,500 per sq.ft in 2023, and as of the 2024 revision, it is now Rs 3,900 per sq.ft. There are no figures available for the revisions in years other than those listed.

Between the revisions, several notable changes occurred. From 2002 to 2003, the increase was 14%. The value surged by 211% from 2003 to 2007. The 2007 to 2012 period saw a decrease of 33%. However, the value increased by 289% from 2012 to 2017, followed by a 49% rise from 2017 to 2023. Finally, the value increased by 11% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1,442%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of Agathiyar Street.

• Adampakkam 1st Street: Rs 3,900 per sq.ft (2024)
• Adampakkam 1st Main Street: Rs 3,900 per sq.ft (2024)
• Adambakkam Main Road/Karunikar Street: Rs 5,500 per sq.ft (2024)
• Abraham Street: Rs 3,900 per sq.ft (2024)
• Alikan Street: Rs 3,900 per sq.ft (2024)
• Amaravathi Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Agathiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000. Together, the total cost for stamp duty and registration fee would be Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Agathiyar Street?

The Sub Registrar Office covering Agathiyar Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more details, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the value of the property, which is used to calculate the stamp duty and registration fees applicable at the time of sale or purchase.

When a property is sold or purchased, the guideline value helps ensure that the transaction is registered at a value that reflects the official rates set by the government. This process is essential for maintaining transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Agathiyar Street?

The current guideline value of Agathiyar Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 253 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, with various increases and decreases across different revisions.

What is the registration office for Agathiyar Street?

The registration office for Agathiyar Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Agathiyar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 at 7%.

Are there other streets with the same guideline value in Adambakkam?

Yes, there are several other streets in Adambakkam that share the same guideline value of Rs 3,900 per sq.ft, including Adampakkam 1st Street, Adampakkam 1st Main Street, Abraham Street, Alikan Street, and Amaravathi Street.