Guideline Value for A G S Colony 2nd Cross Street

A G S Colony 2nd Cross Street guideline value

The current guideline value of A G S Colony 2nd Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village and falls under the Adayar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of A G S Colony 2nd Cross Street has changed

The guideline value for A G S Colony 2nd Cross Street has seen several revisions over the years. Starting with the 2002 revision, the guideline value was Rs 448 per sq.ft. This increased to Rs 580 per sq.ft in 2003, marking a 29% rise. The value then saw significant growth, reaching Rs 1,800 per sq.ft in 2007, which was a 210% increase from the previous figure. In 2012, the value was Rs 3,500 per sq.ft, reflecting a 94% increase from 2007. However, there was a decline to Rs 2,345 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value rose to Rs 3,500 per sq.ft, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, an 11% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 771%.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO that carry a guideline value for 2024, ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which is equal to the current value for A G S Colony 2nd Cross Street.

• A G S Colony 1st 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 1st 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 1st Cross 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 2nd Cross Street

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, and the registration fee at 2% would be Rs 78,000, making the total fees Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A G S Colony 2nd Cross Street?

The A G S Colony 2nd Cross Street is covered by 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 plays a crucial role in the registration process when buying or selling property in Kottivakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is documented accurately. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duties.

Frequently asked questions

What is the current guideline value of A G S Colony 2nd Cross Street?

The current guideline value of A G S Colony 2nd 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 448 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 771% over the years.

What is the stamp duty rate in A G S Colony 2nd Cross Street?

The stamp duty rate for properties in A G S Colony 2nd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for A G S Colony 2nd Cross Street?

The Sub Registrar Office covering A G S Colony 2nd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the median guideline value for streets in Kottivakkam?

The median guideline value for streets in Kottivakkam is Rs 3,900 per sq.ft, which is also the current guideline value for A G S Colony 2nd Cross Street.