Guideline Value for Agraharam

Agraharam guideline value

The current guideline value of Agraharam, located in Karasangal village under the Acchirapakkam SRO, is Rs 103 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Agraharam has changed

The guideline value for Agraharam has seen significant changes over the years. The 2017 revision set the value at Rs 27 per sq.ft. This figure increased dramatically to Rs 100 per sq.ft in the 2023 revision, marking a 270% rise. The latest revision in 2024 further increased the guideline value to Rs 103 per sq.ft, which is a 3% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 281%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Karasangal

In Karasangal, there are 16 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 103 to Rs 115 per sq.ft. The median value for these streets is Rs 103 per sq.ft, which is the same as the guideline value for Agraharam.

• Adidravidar Street: Rs 115 per sq.ft (2024)
• Attrankarai Street: Rs 103 per sq.ft (2024)
• Harijana Street: Rs 103 per sq.ft (2024)
• Keela Street: Rs 103 per sq.ft (2024)
• Kela Attrankarai Street: Rs 103 per sq.ft (2024)
• Kudiyana Street: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Agraharam

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, while the registration fee at 2% would be Rs 2,060. The total cost for stamp duty and registration would be Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Agraharam?

The Sub Registrar Office that covers Agraharam is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Karasangal. It serves as a benchmark for determining the stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is bought or sold, the guideline value is used to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Agraharam?

The current guideline value of Agraharam is Rs 103 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 27 per sq.ft in 2017 to Rs 103 per sq.ft in 2024, which is an overall increase of 281%.

What are the other streets in Karasangal with their guideline values?

Other streets in Karasangal include Adidravidar Street at Rs 115 per sq.ft, and several streets at Rs 103 per sq.ft, including Attrankarai Street, Harijana Street, Keela Street, Kela Attrankarai Street, and Kudiyana Street.

What fees are associated with purchasing property in Agraharam?

When purchasing property in Agraharam, the fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Agraharam?

The Sub Registrar Office for Agraharam is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.