Guideline Value for Agathiyar Street

Agathiyar Street guideline value

The current guideline value of Agathiyar Street in Thiruneermalai village under the Pammal SRO is Rs 2,420 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Agathiyar Street has changed

The guideline value for Agathiyar Street has seen significant changes over the years. In the 2003 revision, the value was Rs 294 per sq.ft. This increased to Rs 350 per sq.ft in 2007, marking a 19% rise. The 2017 revision saw a substantial jump to Rs 1,474 per sq.ft, reflecting a 321% increase from the previous revision. However, there are no figures available for the years 2002 and 2012 for this street.

From 2017 to 2023, the guideline value rose to Rs 2,200 per sq.ft, which is a 49% increase. The most recent revision in 2024 has further increased the value to Rs 2,420 per sq.ft, representing a 10% rise from the 2023 figure. Overall, from 2003 to 2024, the guideline value has increased by 723%.

Guideline values in Thiruneermalai

In Thiruneermalai village, there are 316 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value is Rs 2,420 per sq.ft, which is equal to the guideline value of Agathiyar Street.

• Adars Nagar: Rs 2,200 per sq.ft (2024)
• Annai Thersa Main Road: Rs 2,420 per sq.ft (2024)
• Annai Thersa Street: Rs 2,420 per sq.ft (2024)
• Anna Nagar: Rs 2,200 per sq.ft (2024)
• Anna Street / Durga Nagar: Rs 2,420 per sq.ft (2024)
• Anna Street Extn., / Durga Nagar: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Agathiyar Street

For a 1,000 sq.ft plot at the current rate of Rs 2,420 per sq.ft, the guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. Duty is charged on the guideline value or the sale price, whichever is higher. 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 Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruneermalai, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. It is essential for both buyers and sellers to be aware of the current 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 2,420 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 294 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, which is an overall increase of 723%.

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

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which Sub Registrar Office covers Agathiyar Street?

The Pammal Sub Registrar Office covers Agathiyar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value for property registration, affecting the calculation of stamp duties and registration fees. It ensures transparency in transactions and helps maintain fair practices in the real estate market.