Guideline Value for A G S Colony

A G S Colony guideline value

The current guideline value of A G S Colony, located in Thalakanancherry village under the Alandur SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of A G S Colony has changed

The guideline value of A G S Colony has seen several revisions over the years. In 2007, the value was Rs 1,700 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 135% rise. However, this value decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value then rose dramatically to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, representing a 10% change.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 159%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. A G S Colony's 2024 guideline value is above this median.

• Ambethkar Street: Rs 2,200 per sq.ft (2024)
• A.M.Jain College Staff Colony/Jain Staff Colony: Rs 3,900 per sq.ft (2024)
• Amman Koil Street (Gandhi Nagar): Rs 2,200 per sq.ft (2024)
• Annasalai: Rs 2,800 per sq.ft (2024)
• Anna Street: Rs 2,800 per sq.ft (2024)
• Arul Jothi Nagar: Rs 2,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 details.

Which Sub Registrar Office covers A G S Colony?

The Sub Registrar Office that covers A G S Colony is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thalakanancherry. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for calculating the necessary fees. This ensures that the transaction is recorded accurately and reflects the current market conditions as per the official register.

Frequently asked questions

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

The current guideline value of A G S Colony is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 159% over this period.

What is the median guideline value in Thalakanancherry?

The median guideline value in Thalakanancherry is Rs 3,900 per sq.ft for the year 2024.

What are the stamp duty rates for property in A G S Colony?

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

Where can I find the registration office for A G S Colony?

The registration office for A G S Colony is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.