Guideline Value for A G S Colony 3rd Cross Street

A G S Colony 3rd Cross Street guideline value

The current guideline value of A G S Colony 3rd Cross 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 is classified as Residential Class II Type - I.

How the guideline value of A G S Colony 3rd Cross Street has changed

The guideline value for A G S Colony 3rd Cross Street has undergone several revisions over the years. In 2002, the value was Rs 469 per sq.ft, which increased significantly to Rs 610 per sq.ft in 2003. The following revisions saw substantial increases, with the value reaching Rs 1,800 per sq.ft in 2007, and then Rs 3,500 per sq.ft in 2012. However, there was a decrease in the value to Rs 2,345 per sq.ft in 2017. The most recent revisions show a rise to Rs 3,500 per sq.ft in 2023, and finally, the current value of Rs 3,900 per sq.ft from 2024.

Between the revisions, the changes were notable. From 2002 to 2024, the overall increase in the guideline value is 732%. The value jumped by 195% from 2003 to 2007, and then increased by 94% from 2007 to 2012. There was a decline of 33% from 2012 to 2017, followed by a significant rise of 49% from 2017 to 2023, and an 11% increase from 2023 to 2024.

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 for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of A G S Colony 3rd Cross Street.

• A G S Colony 2nd 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 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 4th Cross Street: 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 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, bringing the total 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 details, you can use the stamp duty and registration fee calculator.

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

The A G S Colony 3rd 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 critical role in property transactions in Kottivakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are essential for the legal transfer of ownership. It ensures that the government receives the appropriate revenue based on the property's assessed value.

During registration, the guideline value helps in establishing a fair basis for the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of A G S Colony 3rd 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 469 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 732% over the years.

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

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

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

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

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

A G S Colony 3rd Cross Street is classified as Residential Class II Type - I, which indicates its suitability for residential development.