Guideline Value for OLD AGRAHARAM ST

Old Agraharam St guideline value

The current guideline value of Old Agraharam St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, classified as Residential Special Type - I.

How the guideline value of Old Agraharam St has changed

The guideline value for Old Agraharam St has seen several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which changed to Rs 804 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting an increase of 87%. The most recent revision in 2024 set the value at Rs 1,625 per sq.ft, an increase of 8% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 35%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, which is equal to the 2024 guideline value of Old Agraharam St.

• Old Jeevanandam St: Rs 950 per sq.ft (2024)
• Ocf Road (Commercial): Rs 1,650 per sq.ft (2024)
• O.C.F.Road: Rs 950 per sq.ft (2024)
• Om Saravana Nagar: Rs 1,625 per sq.ft (2024)
• Omshakthy Kanopus 'b': Rs 1,375 per sq.ft (2024)
• Omshakthy Kanopus 'c': Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Old Agraharam St

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, totaling Rs 1,46,250. 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 Old Agraharam St?

The Sub Registrar Office covering Old Agraharam St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Old Agraharam St?

The current guideline value of Old Agraharam St is Rs 1,625 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 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification of Old Agraharam St?

Old Agraharam St is classified as Residential Special Type - I under the Avadi SRO.

Where can I find the registration office for Old Agraharam St?

The registration office for Old Agraharam St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Old Agraharam St?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 16,25,000, the stamp duty would be Rs 1,13,750 at 7%.