Guideline Value for Aghragaram Street

Aghragaram Street guideline value

The current guideline value of Aghragaram Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class III Type - I.

How the guideline value of Aghragaram Street has changed

The guideline value for Aghragaram Street has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 has seen a further increase to Rs 1,100 per sq.ft, marking a 10% rise from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and the overall increase from 2017 to 2024 stands at 64%. This reflects the changes in the property valuation over the years, showcasing the adjustments made in the guideline values.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Aghragaram Street at Rs 1,100 per sq.ft is below this median.

• Aghragaram salai: Rs 1,100 per sq.ft (2024)
• Aghragaram Cross Street: Rs 1,100 per sq.ft (2024)
• Aishwarya Nagar Extension: Rs 4,777 per sq.ft (2024)
• Aiswariya Nagar: Rs 3,100 per sq.ft (2024)
• Aiswariya Nagar Extn.,: Rs 3,100 per sq.ft (2024)
• A.K.S. Sherinity: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aghragaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the 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 Aghragaram Street?

Aghragaram Street is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor during the registration of property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When purchasing or selling property, the guideline value helps in establishing a fair transaction price and is used by the registration office to calculate the necessary fees. It is essential for both parties 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 Aghragaram Street?

The current guideline value of Aghragaram 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 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and now to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 64% from 2017 to 2024.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value in 44.Ayanambakkam is Rs 1,300 per sq.ft, with Aghragaram Street's value being below this median at Rs 1,100 per sq.ft.

What are the stamp duty and registration fees for Aghragaram Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 77,000 and the registration fee is Rs 22,000, totaling Rs 99,000.

Which office handles the registration for Aghragaram Street?

The Konnur Sub Registrar Office handles the registration for Aghragaram Street, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.