Guideline Value for Agneswarar koil Street

Agneswarar koil Street guideline value

The current guideline value of Agneswarar koil Street is Rs 650 per sq.ft, effective from 1 July 2024. This street is located in Moonramkattalai village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Agneswarar koil Street has changed

The guideline value for Agneswarar koil Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it decreased to Rs 402 per sq.ft in 2017. The 2023 revision set the value at Rs 600 per sq.ft, and the latest revision in 2024 raised it to Rs 650 per sq.ft, reflecting an increase of 8% from the previous year.

From 2007 to 2024, the overall increase in guideline value is 160%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 650 to Rs 2,750 per sq.ft. The median value is Rs 650 per sq.ft, which is the same as the 2024 figure for Agneswarar koil Street.

• Adhivasi Colony: Rs 650 per sq.ft (2024)
• Balaji Nagar: Rs 650 per sq.ft (2024)
• Eswarar koil Street: Rs 650 per sq.ft (2024)
• Ganesh Nagar: Rs 1,000 per sq.ft (2024)
• Kalvai Street (Kalvai karai Street): Rs 650 per sq.ft (2024)
• Kamarajar Nagar: Rs 650 per sq.ft (2024)

Stamp duty and registration fee for property in Agneswarar koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value would be Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, bringing the total cost for these fees to Rs 58,500. It is important to note that the stamp 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 Agneswarar koil Street?

The Sub Registrar Office that covers Agneswarar koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

When buying or selling property in Moonramkattalai, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

The guideline value is set by the government and is updated periodically. Buyers and sellers should be aware of the current guideline value to accurately calculate the costs associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Agneswarar koil Street?

The current guideline value of Agneswarar koil Street is Rs 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 250 per sq.ft in 2007 to Rs 650 per sq.ft in 2024, marking an overall increase of 160% over this period.

What is the land classification for Agneswarar koil Street?

Agneswarar koil Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

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

The stamp duty is charged at 7% of the guideline value or sale price, and the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 650 per sq.ft, the total fees would be Rs 58,500.

Which office handles registrations for Agneswarar koil Street?

The Kunrathur Sub Registrar Office handles registrations for Agneswarar koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.