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Guideline Value

Corporate

Guideline Value for A G S Colony 1st Main Road

₹3900/sq.ft.

The guideline value for A G S Colony 1st Main Road in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1060 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on A G S Colony 1st Main Road

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A G S Colony 1st Main Road guideline value

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

How the guideline value of A G S Colony 1st Main Road has changed

The guideline value for A G S Colony 1st Main Road has undergone several revisions over the years. In 2003, the value was Rs 1,060 per sq.ft, which increased to Rs 2,000 per sq.ft in 2007. Following that, the value rose significantly to Rs 3,500 per sq.ft in 2012, but then saw a decrease to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and finally, it reached Rs 3,900 per sq.ft in the 2024 revision, marking an 11% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 268%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Kottivakkam

Kottivakkam 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 guideline value for these streets is Rs 3,900 per sq.ft, which is the same as the current value for A G S Colony 1st Main Road.

Stamp duty and registration fee for property in A G S Colony 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, while the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A G S Colony 1st Main Road?

A G S Colony 1st Main Road falls under the Adayar Sub Registrar Office, 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 a crucial 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 transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of A G S Colony 1st Main Road?

The current guideline value of A G S Colony 1st Main Road 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 from Rs 1,060 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, reflecting a total increase of 268% over this period.

What is the stamp duty rate for properties in A G S Colony 1st Main Road?

The stamp duty rate for properties in A G S Colony 1st Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the other streets with the same guideline value in Kottivakkam?

Other streets in Kottivakkam, such as A G S Colony 1st Cross Street and A G S Colony 2nd Main Road, also have a guideline value of Rs 3,900 per sq.ft for 2024.