Guideline Value for Agathiyar Street

Agathiyar Street guideline value

The current guideline value of Agathiyar Street in Thiruvallur village is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Agathiyar Street has changed

Over the years, the guideline value for Agathiyar Street has seen several revisions. Starting from the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 335 per sq.ft in 2017, a decline of 33%. The value further increased to Rs 500 per sq.ft in 2023, and in the latest 2024 revision, it stands at Rs 550 per sq.ft, reflecting a 10% increase from the previous year. The register has no figure for the years 2002 and 2003.

In summary, the guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, which is an overall increase of 175%. The changes between the revisions highlight a fluctuating trend, with significant increases and decreases over the years.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. Agathiyar Street's 2024 figure is below this median.

• Annai Indira Gandhi Street: Rs 680 per sq.ft (2024)
• Aringar anna Cross Street: Rs 550 per sq.ft (2024)
• Aringar anna Street: Rs 550 per sq.ft (2024)
• Aroram Nagar: Rs 1,100 per sq.ft (2024)
• Arun Excello Apartment: Rs 1,100 per sq.ft (2024)
• Assori Street: Rs 2,200 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that the 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 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, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Thiruvallur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all property transactions are recorded at a fair value.

When buying or selling property, the guideline value helps in establishing a baseline for the transaction, ensuring compliance with local regulations. It is crucial for both buyers and sellers to be aware of the current guideline value to understand their financial obligations 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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Agathiyar Street has seen several changes, increasing from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 175%.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500 for a 1,000 sq.ft plot.

Which Sub Registrar Office covers Agathiyar Street?

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

What is the land classification for Agathiyar Street?

Agathiyar Street is classified as Residential Class II Type - III, indicating its suitability for residential development within the local zoning regulations.