Guideline Value for Aikon City

Aikon City guideline value

The current guideline value of Aikon City in Agaram village is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Aikon City has changed

Over the years, the guideline value for Aikon City has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 150 per sq.ft. The 2017 revision marked a decrease to Rs 100 per sq.ft, representing a 33% drop from the previous figure. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the value increased by 50% back to Rs 150 per sq.ft. The current 2024 figure remains the same as the previous year, showing no percentage change. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft.

Guideline values in Agaram

Agaram village has a range of guideline values across its streets, with ten streets under the Sunguvarchattram SRO carrying a 2024 figure ranging from Rs 102 to Rs 374 per sq.ft. The median value for these streets is Rs 126 per sq.ft, placing Aikon City above this median at Rs 150 per sq.ft.

• Agaram Colony: Rs 102 per sq.ft (2024)
• Annai Parasakthi Nagar: Rs 150 per sq.ft (2024)
• Dnh Sri Maheswari Avenue: Rs 352 per sq.ft (2024)
• Eden Garden Farm Land: Rs 102 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 102 per sq.ft (2024)
• Mettu Street: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Aikon City

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total cost to Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aikon City?

The Sub Registrar Office that covers Aikon City is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Agaram. It is the minimum value set by the government for property transactions, ensuring that properties are not sold below this value during registration.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are recorded at a fair value, reflecting the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Aikon City?

The current guideline value of Aikon City is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a drop to Rs 100 per sq.ft in 2017 before returning to Rs 150 per sq.ft in 2023.

What is the classification of land in Aikon City?

Aikon City is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Aikon City?

The registration office for Aikon City is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Aikon City?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,50,000, the stamp duty at 7% would be Rs 10,500.