Guideline Value for SRI AGATHIYAR AVENUE

Sri Agathiyar Avenue guideline value

The current guideline value of Sri Agathiyar Avenue in Thandalam village is Rs 770 per sq.ft, effective from 1 July 2024. This falls under the jurisdiction of the Thiruporur SRO and is classified as Mixed Type - I land.

How the guideline value of Sri Agathiyar Avenue has changed

Over the years, the guideline value of Sri Agathiyar Avenue has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the latest revision in 2024 has raised it to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

In total, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Thandalam

Thandalam village has a total of 26 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 3,275 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Sri Agathiyar Avenue's 2024 figure below the median.

• Sri Ram Nagar: Rs 1,100 per sq.ft (2024)
• Sunshine Avenue: Rs 1,320 per sq.ft (2024)
• Sun Shine Avenue Ph II: Rs 886 per sq.ft (2024)
• The Ritz Avenue: Rs 1,650 per sq.ft (2024)
• Palm Avenue: Rs 1,100 per sq.ft (2024)
• Vip City In Life On Green: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Agathiyar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. 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 Sri Agathiyar Avenue?

The Sri Agathiyar Avenue is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Thandalam. It serves as a basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps to establish a fair and transparent process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable fees.

Frequently asked questions

What is the current guideline value of Sri Agathiyar Avenue?

The current guideline value of Sri Agathiyar Avenue is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Sri Agathiyar Avenue?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office handles transactions for Sri Agathiyar Avenue?

The Thiruporur Sub Registrar Office handles transactions for Sri Agathiyar Avenue, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees are calculated based on a standardized value, which may differ from the actual sale price.