Guideline Value for NEO AGARAM

Neo Agaram guideline value

The current guideline value of Neo Agaram is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Agaram village under the Walajabad SRO and is classified as Residential Special Type - III.

How the guideline value of Neo Agaram has changed

Over the years, the guideline value of Neo Agaram has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, which also recorded Rs 300 per sq.ft. The 2017 revision marked a significant increase to Rs 201 per sq.ft, reflecting a 49% increase from the previous revision. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2012 to 2024, the overall change has been 0%. The current guideline value reflects stability in the market after the fluctuations noted in earlier years.

Guideline values in Agaram

In Agaram village, three streets under the Walajabad SRO have a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 200 per sq.ft. Neo Agaram's 2024 guideline value is above this median.

• Jai Garden: Rs 200 per sq.ft (2024)
• S.V.P Nri Residency: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Neo Agaram

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Neo Agaram?

The Walajabad Sub Registrar Office covers Neo Agaram, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Agaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that all property transactions are assessed fairly and consistently across the region.

Frequently asked questions

What is the current guideline value of Neo Agaram?

The current guideline value of Neo Agaram is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase from Rs 201 per sq.ft in 2017. There were no figures for the years 2002, 2003, and 2007 for this street.

What are the guideline values of other streets in Agaram?

In Agaram, other streets have guideline values ranging from Rs 150 to Rs 300 per sq.ft. Notably, Jai Garden is valued at Rs 200 per sq.ft, while S.V.P Nri Residency is at Rs 150 per sq.ft.

What are the stamp duty and registration fees for property in Neo Agaram?

For a 1,000 sq.ft plot at the current guideline value of Rs 3,00,000, the total stamp duty and registration fees would amount to Rs 27,000. This includes a stamp duty of Rs 21,000 and a registration fee of Rs 6,000.

Where can I find the Sub Registrar Office for Neo Agaram?

The Walajabad Sub Registrar Office, which covers Neo Agaram, is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your specific SRO using the provided link.