Guideline Value for S.AGRAHARAM NEW ROAD

S.Agraharam New Road guideline value

The current guideline value of S.Agraharam New Road is Rs 150 per sq.ft, effective from 1 July 2024. This road is located in Beerakupam village, under the Ramakrishna Rajupettai SRO, and is classified as Residential Class II Type - I.

How the guideline value of S.Agraharam New Road has changed

In the 2007 revision, the guideline value was set at Rs 60 per sq.ft. This figure increased to Rs 150 per sq.ft in the 2012 revision, marking a significant rise of 150%. However, in the 2017 revision, the value decreased to Rs 100 per sq.ft, which represented a decline of 33%. The guideline value remained at Rs 150 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figure for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 150%, reflecting the changes across the various revisions. The most notable increase occurred between the 2017 and 2023 revisions, which saw a 50% rise from Rs 100 per sq.ft to Rs 150 per sq.ft.

Guideline values in Beerakupam

In Beerakupam, there are 10 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 200 per sq.ft, with a median value of Rs 175 per sq.ft. S.Agraharam New Road's 2024 figure is below this median.

• South Street: Rs 150 per sq.ft (2024)
• Passukal Battai Street: Rs 150 per sq.ft (2024)
• Noochili Road: Rs 175 per sq.ft (2024)
• Navithar Street: Rs 175 per sq.ft (2024)
• Vaniyar Street: Rs 175 per sq.ft (2024)
• Vannara Street: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in S.Agraharam New Road

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the 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, totaling Rs 13,500. It is important to note that 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 S.Agraharam New Road?

The Sub Registrar Office that covers S.Agraharam New Road is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Beerakupam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is in line with government regulations. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher value will be used for calculating duties.

Frequently asked questions

What is the current guideline value of S.Agraharam New Road?

The current guideline value of S.Agraharam New Road is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most notable changes occurring from Rs 60 per sq.ft in 2007 to Rs 150 per sq.ft in 2012, and then again to Rs 150 per sq.ft in 2023 and 2024.

What is the median guideline value in Beerakupam?

The median guideline value in Beerakupam for 2024 is Rs 175 per sq.ft, with S.Agraharam New Road's value being below this median.

What are the stamp duty rates for properties in S.Agraharam New Road?

The stamp duty for properties in S.Agraharam New Road is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Which office handles property registration for S.Agraharam New Road?

The Ramakrishna Rajupettai Sub Registrar Office handles property registration for S.Agraharam New Road, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.