Guideline Value for A G S Colony 3rd Street

A G S Colony 3rd Street guideline value

The current guideline value of A G S Colony 3rd 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 3rd Street has changed

The guideline value for A G S Colony 3rd Street has seen several revisions over the years. In 2002, the guideline value was Rs 384 per sq.ft, which increased significantly to Rs 980 per sq.ft in 2003, marking a change of +155%. The value then rose to Rs 1,800 per sq.ft in 2007, reflecting an increase of +84%. In 2012, the value was Rs 3,500 per sq.ft, showing a substantial rise of +94% from the previous revision. However, this figure dropped to Rs 2,345 per sq.ft in 2017, indicating a decrease of -33%. The guideline value then increased to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,900 per sq.ft in 2024, which is an increase of +11%.

Overall, from 2002 to 2024, the guideline value has increased by +916%. There are no figures available for the revisions in the years not listed in the register.

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 guideline value is Rs 3,900 per sq.ft, which is equal to the 2024 figure for A G S Colony 3rd Street.

• A G S Colony 4th Cross Street: 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 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• A G S Colony 2nd 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 Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in A G S Colony 3rd Street

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 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 detailed calculations.

Which Sub Registrar Office covers A G S Colony 3rd Street?

The A G S Colony 3rd Street is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can 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 base for calculating the stamp duty and registration fees, which are mandatory for any property transaction.

When a buyer approaches the registration office, the guideline value is used to determine the applicable fees, ensuring that both the buyer and seller comply with the legal requirements for property transactions.

Frequently asked questions

What is the current guideline value of A G S Colony 3rd Street?

The current guideline value of A G S Colony 3rd 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 384 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of +916% over the years.

What is the stamp duty for property in A G S Colony 3rd Street?

The stamp duty for property in A G S Colony 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for A G S Colony 3rd Street?

The Adayar Sub Registrar Office handles registrations for A G S Colony 3rd Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for A G S Colony 3rd Street?

The land classification for A G S Colony 3rd Street is Residential Class II Type - I.