Guideline Value for Agathiyar Street

Agathiyar Street guideline value

The current guideline value of Agathiyar Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Agathiyar Street has changed

The guideline value of Agathiyar Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and further increased to Rs 1,600 per sq.ft in 2024, representing a 7% increase.

There are no figures available for the years 2002 and 2003 in the register for Agathiyar Street. Overall, from 2007 to 2024, the guideline value has increased by 220%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Agathiyar Street's 2024 figure below that median.

• Adhiyaman Street: Rs 1,600 per sq.ft (2024)
• Alagappa Road: Rs 1,600 per sq.ft (2024)
• Abirami Street: Rs 2,400 per sq.ft (2024)
• Abiramipuram Main Road: Rs 2,400 per sq.ft (2024)
• Abiramipuram 4th Cross Street: Rs 2,400 per sq.ft (2024)
• Abiramipuram 3rd Cross Street: Rs 2,400 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 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total cost Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Agathiyar Street?

The Sub Registrar Office that covers Agathiyar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO here.

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

The guideline value is a crucial factor when buying or selling property in Oragadam. It serves as a benchmark for determining the registration fees and stamp duty that must be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with legal requirements. This value is periodically revised by the Registration Department to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Agathiyar Street?

The current guideline value of Agathiyar Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 220% over the years.

What are the stamp duty and registration fees for properties on Agathiyar Street?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles property registrations for Agathiyar Street?

The Ambattur Sub Registrar Office handles property registrations for Agathiyar Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the land classification of Agathiyar Street?

Agathiyar Street is classified as Residential Class II Type - I, which is important for determining its guideline value and permissible uses.