Guideline Value for Agaththiyar Street

Agaththiyar Street guideline value

The current guideline value of Agaththiyar Street is Rs 1,650 per sq.ft. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Agaththiyar Street has changed

The guideline value for Agaththiyar Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 1,500 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,005 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also listed a value of Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 figure. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This pattern of revisions highlights the fluctuations in the guideline value over the years, reflecting changes in the local real estate landscape.

Guideline values in Chitlapakkam

In Chitlapakkam village, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which is the same as the current guideline value for Agaththiyar Street.

• Agananuru Street: Rs 1,650 per sq.ft (2024)
• Advocate Janakiraman Street: Rs 1,650 per sq.ft (2024)
• Advocate Colony Ramanaidu Cross Street: Rs 1,650 per sq.ft (2024)
• Adiyaman Street: Rs 1,650 per sq.ft (2024)
• Abraham Lincoln Street: Rs 3,850 per sq.ft (2024)
• Abraham Lincoln 3rd cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Agaththiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agaththiyar Street?

The Sub Registrar Office that covers Agaththiyar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Chitlapakkam. It determines the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the guideline value serves as a benchmark to assess the transaction value. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Agaththiyar Street?

The current guideline value of Agaththiyar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, a 10% increase. It was Rs 1,005 per sq.ft in 2017, showing a 49% increase to the 2023 figure.

What is the land classification of Agaththiyar Street?

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

Where can I find other streets with similar guideline values?

Other streets in Chitlapakkam with the same guideline value of Rs 1,650 per sq.ft include Agananuru Street, Advocate Janakiraman Street, Advocate Colony Ramanaidu Cross Street, and Adiyaman Street.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft property at the current rate would incur a total cost of Rs 1,48,500 for these fees.