Guideline Value for MAPLE AGNI ESTATES

Maple Agni Estates guideline value

The current guideline value of Maple Agni Estates is Rs 2,725 per sq.ft, effective from 1 July 2024. This property is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Maple Agni Estates has changed

The guideline value for Maple Agni Estates has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,675 per sq.ft, marking a decrease of 33%. However, the value saw a significant increase in the following revisions, reaching Rs 2,500 per sq.ft in 2023 and then rising to Rs 2,725 per sq.ft in the 2024 revision, which is a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 9% from the initial Rs 2,500 per sq.ft in 2012 to the current rate of Rs 2,725 per sq.ft.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with the median being Rs 2,725 per sq.ft. The guideline value of Maple Agni Estates matches this median.

• Manimegalai Street: Rs 3,300 per sq.ft (2024)
• Malles Arushi: Rs 4,800 per sq.ft (2024)
• Malles Akankssha: Rs 2,700 per sq.ft (2024)
• Malles Adhika: Rs 2,150 per sq.ft (2024)
• Mettu Street: Rs 3,300 per sq.ft (2024)
• Mettu Street 1st to 3rd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Maple Agni Estates

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value amounts to Rs 27,25,000. The stamp duty at 7% would be Rs 1,90,750, while the registration fee at 2% would be Rs 54,500. Together, the total cost for these fees would be Rs 2,45,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maple Agni Estates?

The Sub Registrar Office that covers Maple Agni Estates is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction complies with local regulations.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Maple Agni Estates?

The current guideline value of Maple Agni Estates is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,725 per sq.ft in 2024.

What is the land classification for Maple Agni Estates?

Maple Agni Estates is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Maple Agni Estates?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,25,000, the stamp duty at 7% would amount to Rs 1,90,750.