Guideline Value

Corporate

Guideline Value for A G S Colony Main Road

₹3900/sq.ft.

The guideline value for A G S Colony 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 ₹2500 /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 Main Road

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A G S Colony Main Road guideline value

The current guideline value of A G S Colony Main Road 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 Main Road has changed

The guideline value for A G S Colony Main Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 512 per sq.ft. This increased significantly to Rs 670 per sq.ft in 2003, marking a change of +31%. The value then surged to Rs 2,500 per sq.ft in 2007, reflecting a substantial increase of +273%. However, the 2012 revision saw a decrease to Rs 3,500 per sq.ft, which was a drop of -33%. The value then rose again to Rs 2,345 per sq.ft in 2017, before increasing to Rs 3,500 per sq.ft in 2023, and finally reaching Rs 3,900 per sq.ft in the 2024 revision, which is an increase of +11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +662%. It is important to note that there are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Kottivakkam

Kottivakkam village has a total of 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 for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value for A G S Colony Main Road.

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

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 fees together 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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

The A G S Colony Main Road 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 crucial role in property transactions in Kottivakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value ensures that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value helps establish a baseline for the sale price, ensuring that both buyers and sellers have a clear understanding of the property's worth as determined by the local authorities. This transparency aids in the smooth processing of property registrations.

Frequently asked questions

What is the current guideline value for A G S Colony Main Road?

The current guideline value for A G S Colony 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 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 stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7%, which is applied to the higher of the guideline value or the sale price.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the guideline values for other streets in Kottivakkam?

Other streets in Kottivakkam have a guideline value of Rs 3,900 per sq.ft for the year 2024, including A G S Colony 4th Cross Street, A G S Colony 3rd Street, A G S Colony 3rd Main Road, A G S Colony 3rd Cross Street, A G S Colony 2nd Street, and A G S Colony 2nd Main Road.