Guideline Value for A G S Colony 2nd Street

A G S Colony 2nd Street guideline value

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

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

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This figure remained unchanged in the 2017 revision, where it decreased to Rs 2,345 per sq.ft. The guideline value then increased significantly to Rs 3,500 per sq.ft in the 2023 revision, and further rose to Rs 3,900 per sq.ft in the 2024 revision. The register does not have figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows an increase of 11%.

Guideline values in Kottivakkam

In Kottivakkam, there are 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 figure for A G S Colony 2nd Street.

• A G S Colony 3rd 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 3rd Main Road: 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 3rd Street: Rs 3,900 per sq.ft (2024)
• A G S Colony 4th Cross Street: Rs 3,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total 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, making a total of Rs 3,51,000. It's 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 A G S Colony 2nd Street?

The Adayar Sub Registrar Office covers A G S Colony 2nd Street. The office is 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 in property transactions in Kottivakkam. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing a property. The guideline value ensures that the government receives a fair amount of revenue from property transactions.

When selling a property, the guideline value serves as a benchmark for both buyers and sellers. It helps in negotiating the sale price and ensures that all parties are aware of the minimum value set by the government for the property.

Frequently asked questions

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

The current guideline value of A G S Colony 2nd 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 from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

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

A G S Colony 2nd Street falls under the Residential Class II Type - I land classification.

Which Sub Registrar Office covers this area?

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

How is stamp duty calculated for properties in Kottivakkam?

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