Guideline Value for A G S Colony 1st Cross Street

A G S Colony 1st Cross Street guideline value

The current guideline value of A G S Colony 1st Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of A G S Colony 1st Cross Street has changed

The guideline value for A G S Colony 1st Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2003, with a guideline value of Rs 580 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in 2007, marking a 210% rise. In 2012, the value saw a decrease to Rs 3,500 per sq.ft, a drop of 33%. The value then rose again to Rs 2,345 per sq.ft in 2017, followed by a substantial increase to Rs 3,500 per sq.ft in 2023, and finally reaching Rs 3,900 per sq.ft in 2024, which is an 11% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 572%. The register has no figure for this street in 2002.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which aligns with the current guideline value of A G S Colony 1st Cross Street.

• A G S Colony 1st Main Road: Rs 3,900 per sq.ft (2024)
• A G S Colony 1st Street: Rs 3,900 per sq.ft (2024)
• A G S Colony 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• A G S Colony 2nd Main Road: Rs 3,900 per sq.ft (2024)
• A G S Colony 2nd Street: Rs 3,900 per sq.ft (2024)
• A G S Colony 3rd Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in A G S Colony 1st Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers A G S Colony 1st Cross Street?

The Adayar Sub Registrar Office covers A G S Colony 1st Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of A G S Colony 1st Cross Street?

The current guideline value of A G S Colony 1st Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 580 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 572% over the years.

What is the land classification of A G S Colony 1st Cross Street?

A G S Colony 1st Cross Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for A G S Colony 1st Cross Street?

The Adayar Sub Registrar Office, which covers A G S Colony 1st Cross Street, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in A G S Colony 1st Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at 7%.