Guideline Value for Agragara Street

Agragara Street guideline value

The current guideline value of Agragara Street in Chennimalai village, under the Chennimalai SRO, is Rs 340 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - III.

How the guideline value of Agragara Street has changed

The guideline value for Agragara Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 370 per sq.ft. This was followed by a decrease to Rs 103 per sq.ft in 2003. The value then increased to Rs 125 per sq.ft in 2007, and further rose to Rs 300 per sq.ft in 2012. However, it dropped to Rs 201 per sq.ft in 2017. The value saw a significant increase to Rs 300 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 340 per sq.ft.

In terms of percentage changes, from 2017 to 2023, there was a 49% increase. The 2012 to 2017 period saw a decrease of 33%, while from 2007 to 2012, the value increased by 140%. The 2003 to 2007 period had a 21% increase, and from 2002 to 2003, there was a significant decrease of 72%. Overall, from 2002 to 2024, the guideline value has decreased by 8%.

Guideline values in Chennimalai

In Chennimalai, there are 71 streets under the Chennimalai SRO that carry a 2024 guideline value ranging from Rs 225 to Rs 920 per sq.ft, with the median being Rs 340 per sq.ft. Agragara Street's current value aligns with this median.

• Appai Chettiar Street: Rs 340 per sq.ft (2024)
• Appar Street: Rs 510 per sq.ft (2024)
• Arachaloor Road: Rs 920 per sq.ft (2024)
• Arijana Colony 2: Rs 225 per sq.ft (2024)
• Cheran Street: Rs 510 per sq.ft (2024)
• Chidambaram pillai Street: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Agragara Street

For a 1,000 sq.ft plot at the current rate of Rs 340 per sq.ft, the guideline value amounts to Rs 3,40,000. The stamp duty at 7% would be Rs 23,800, and the registration fee at 2% would be Rs 6,800, totaling Rs 30,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agragara Street?

The Sub Registrar Office that covers Agragara Street is the Chennimalai Sub Registrar Office, located at 31, Engur Road, Balamurugan Theater Bus Stop, Chennimalai, Perundurai Tk, Erode-638051, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor during property transactions in Chennimalai. It serves as a reference point for determining the stamp duty and registration fees that are applicable when registering a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty based on the higher of the guideline value or the sale price. This ensures that the appropriate fees are collected during the registration process, maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Agragara Street?

The current guideline value of Agragara Street is Rs 340 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 300 per sq.ft in 2023 to Rs 340 per sq.ft in 2024.

What is the land classification of Agragara Street?

Agragara Street is classified as Residential Class I Type - III.

Where is the Chennimalai Sub Registrar Office located?

The Chennimalai Sub Registrar Office is located at 31, Engur Road, Balamurugan Theater Bus Stop, Chennimalai, Perundurai Tk, Erode-638051, Coimbatore registration zone.

How is stamp duty calculated for properties in Agragara Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a 1,000 sq.ft plot, the stamp duty would be Rs 23,800 based on the current guideline value.