Guideline Value for Agathiyar Street

Agathiyar Street guideline value

The current guideline value of Agathiyar Street in Periyakuppam village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Agathiyar Street has changed

The guideline value for Agathiyar Street has seen several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The value then increased to Rs 1,000 per sq.ft in the 2023 revision, before reaching the current rate of Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for Agathiyar Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 550 to Rs 3,300 per sq.ft. The median value of these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Agathiyar Street.

• Aghimsa Nagar: Rs 1,320 per sq.ft (2024)
• Annai Indira Gandhi Nagar: Rs 879 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Arumugam Nagar: Rs 879 per sq.ft (2024)
• Athiyaman Cross Street: Rs 879 per sq.ft (2024)
• Athiyaman Street: Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agathiyar Street?

The Sub Registrar Office that covers Agathiyar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyakuppam. It serves as the minimum value for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value helps in determining the official sale price for registration purposes. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Agathiyar Street?

The current guideline value of Agathiyar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification of Agathiyar Street?

Agathiyar Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles the registration for Agathiyar Street?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Agathiyar Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.