Guideline Value for Agobilamada Lane

Agobilamada Lane guideline value

The current guideline value of Agobilamada Lane is Rs 700 per sq.ft. This street is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Agobilamada Lane has changed

The guideline value for Agobilamada Lane has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft. This remained unchanged until the 2023 revision, which also recorded the value at Rs 700 per sq.ft, marking a 49% increase from the 2017 figure. The 2024 revision has kept this value steady at Rs 700 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 to the 2024 revisions, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the guideline value of Agobilamada Lane.

• Ahamed Moideeen Street: Rs 1,200 per sq.ft (2024)
• Akshaya Town: Rs 1,000 per sq.ft (2024)
• Alamel Avenue: Rs 800 per sq.ft (2024)
• Adhilakshmi nagar: Rs 700 per sq.ft (2024)
• Adhikesava Perumal Nagar: Rs 700 per sq.ft (2024)
• A L S Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Agobilamada Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, together totaling Rs 63,000. 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 detailed calculations.

Which Sub Registrar Office covers Agobilamada Lane?

The Sub Registrar Office that covers Agobilamada Lane is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the correct duties are paid. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Agobilamada Lane?

The current guideline value of Agobilamada Lane is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2023 revision. It increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase over the period.

What is the classification of Agobilamada Lane?

Agobilamada Lane is classified as Residential Class III Type - I, which indicates its designation for residential use within the area.

Where can I find the Sub Registrar Office for Agobilamada Lane?

The Sub Registrar Office for Agobilamada Lane is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Agobilamada Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.