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Guideline Value

Corporate

Guideline Value for A G S Colony 4th Cross Street

₹3900/sq.ft.

The guideline value for A G S Colony 4th Cross Street 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 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹580 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹448 /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 4th Cross Street

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A G S Colony 4th Cross Street guideline value

The current guideline value of A G S Colony 4th 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 4th Cross Street has changed

The guideline value for A G S Colony 4th Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 448 per sq.ft. This increased to Rs 580 per sq.ft in 2003, marking a 29% rise. By 2007, the value jumped significantly to Rs 1,800 per sq.ft, reflecting a 210% increase. The value then saw another increase to Rs 3,500 per sq.ft in 2012, which was a 94% rise. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, representing a 33% decline. The value then increased to Rs 3,500 per sq.ft in 2023, showing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, which is an 11% increase from the previous year.

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 guideline value for A G S Colony 4th Cross Street.

Stamp duty and registration fee for property in A G S Colony 4th 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 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. Together, the total cost for stamp duty and registration fee would be Rs 3,51,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers A G S Colony 4th Cross Street?

The A G S Colony 4th 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 details.

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

The guideline value is a crucial 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 applicable to the transaction. The guideline value is assessed by the state government and is updated periodically based on various factors.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the higher amount will be taken into consideration for calculating the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A G S Colony 4th Cross Street?

The current guideline value of A G S Colony 4th 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 increased 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 land classification for A G S Colony 4th Cross Street?

The land classification for A G S Colony 4th Cross Street is Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for A G S Colony 4th Cross Street?

The Adayar Sub Registrar Office handles the registration for A G S Colony 4th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.