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Guideline Value

Corporate

Guideline Value for A G S Colony 2nd Main Road

₹3900/sq.ft.

The guideline value for A G S Colony 2nd 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 ₹670 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹512 /sq.ft.
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 2nd Main Road

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A G S Colony 2nd Main Road guideline value

The current guideline value of A G S Colony 2nd Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This property 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 2nd Main Road has changed

The guideline value for A G S Colony 2nd Main Road has undergone several revisions since 2002. The earliest recorded figure is from 2002, which was Rs 512 per sq.ft. This increased to Rs 670 per sq.ft in 2003, marking a rise of 31%. The value then saw a significant increase of 199% to Rs 2,000 per sq.ft in 2007. Following this, the value rose by 75% to Rs 3,500 per sq.ft in 2012, but then decreased by 33% to Rs 2,345 per sq.ft in 2017. The value climbed again to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in 2024, reflecting an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 662%. There are no figures available for revisions in years other than those specified.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which is the same as the current value for A G S Colony 2nd Main Road.

Stamp duty and registration fee for property in A G S Colony 2nd Main Road

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A G S Colony 2nd Main Road?

The A G S Colony 2nd Main Road falls under the Adayar Sub Registrar Office located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of A G S Colony 2nd Main Road?

The current guideline value of A G S Colony 2nd 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 significantly from Rs 512 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 662% over the years.

What is the land classification for A G S Colony 2nd Main Road?

A G S Colony 2nd Main Road is classified as Residential Class II Type - I.

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

The Adayar Sub Registrar Office covers A G S Colony 2nd Main Road and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Kottivakkam?

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