Guideline Value for Agraharam Street

Agraharam Street guideline value

The current guideline value of Agraharam Street in Sembiam village, under the Sembiam SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - II.

How the guideline value of Agraharam Street has changed

The guideline value for Agraharam Street has undergone several revisions over the years. In 2002, the guideline value was Rs 341 per sq.ft, which increased to Rs 370 per sq.ft in 2003, marking a 9% rise. By 2007, the value further increased to Rs 700 per sq.ft, reflecting an 89% change. The 2012 revision saw the guideline value remain at Rs 1,600 per sq.ft, with no figure available for that year in the register. The value then decreased to Rs 1,072 per sq.ft in 2017, a decline of 33%. The most recent revisions show an increase to Rs 1,600 per sq.ft in 2023, followed by a further rise to Rs 1,700 per sq.ft in 2024, which is a 6% increase.

Overall, from 2002 to 2024, the guideline value has increased by 399%. The changes between the revisions indicate fluctuations in the guideline value, reflecting the various factors influencing property pricing over the years.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO, with guideline values ranging from Rs 1,700 to Rs 7,100 per sq.ft as of 2024. The median guideline value in the village is Rs 2,700 per sq.ft, placing Agraharam Street's 2024 figure below that median.

• Ambedkar Street / Nagar: Rs 1,700 per sq.ft (2024)
• Amman Koil Street: Rs 1,700 per sq.ft (2024)
• Anbazhagan Nagar 1st Cross Street: Rs 1,900 per sq.ft (2024)
• Anbazhagan Nagar 1st Main Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 2nd Cross Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Agraharam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agraharam Street?

The Sub Registrar Office covering Agraharam Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

When a property is sold or purchased, the guideline value is used to calculate the associated fees, which are based on the higher value between the guideline and the sale price. This ensures that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Agraharam Street?

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

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 341 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 399% over the years.

What are the stamp duty and registration fees for properties on Agraharam Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 1,19,000, and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office covers Agraharam Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, covers Agraharam Street.

What is the land classification for Agraharam Street?

Agraharam Street is classified as Residential Class II Type - II, indicating its designated use within the local planning framework.