Guideline Value for Agrahram Street

Agrahram Street guideline value

The current guideline value of Agrahram Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village under the Periamet SRO, classified as Residential Special Type - III.

How the guideline value of Agrahram Street has changed

Over the years, the guideline value of Agrahram Street has seen several revisions. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in 2017 before rising again to Rs 5,000 per sq.ft in 2023. The latest revision in 2024 has further increased the value to Rs 5,500 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, there was a substantial increase of 317%. However, this was followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and the latest revision shows a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 358%.

Guideline values in Chindadripet

In Chindadripet village, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Agrahram Street's 2024 figure above this median.

• Adhikesavalu street: Rs 4,900 per sq.ft (2024)
• Adhikesavalu Hut: Rs 2,800 per sq.ft (2024)
• Arunachala Naicken street: Rs 8,200 per sq.ft (2024)
• Arunchala lane: Rs 3,800 per sq.ft (2024)
• Audiyappa Chety street: Rs 3,800 per sq.ft (2024)
• Ayya Mudalai Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Agrahram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Agrahram Street?

The Sub Registrar Office that covers Agrahram Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Chindadripet. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agrahram Street?

The current guideline value of Agrahram Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 358% over this period.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office handles transactions for Agrahram Street?

The Periamet Sub Registrar Office handles transactions for Agrahram Street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value for streets in Chindadripet?

The median guideline value for streets in Chindadripet is Rs 3,300 per sq.ft, with Agrahram Street's 2024 figure of Rs 5,500 per sq.ft being above this median.