Guideline Value

Corporate

Guideline Value for A.G.S. COLONY 1ST MAIN ROAD

₹8250/sq.ft.

The guideline value for A.g.s. Colony 1st Main Road in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 8250 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹8250 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5025 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 1st Main Road

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A.G.S. Colony 1st Main Road guideline value

The current guideline value of A.G.S. Colony 1st Main Road is Rs 8,250 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of A.G.S. Colony 1st Main Road has changed

The guideline value for A.G.S. Colony 1st Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 7,500 per sq.ft, which was later reduced to Rs 5,025 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 7,500 per sq.ft in the 2023 revision, and the most recent 2024 revision has established the current guideline value at Rs 8,250 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33% in the guideline value. However, from 2017 to 2023, the value rose by 49%. The overall change from 2012 to 2024 reflects a 10% increase, indicating a gradual adjustment in the guideline value over the years.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing A.G.S. Colony 1st Main Road's 2024 figure below this median.

Stamp duty and registration fee for property in A.G.S. Colony 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,250 per sq.ft, the total guideline value amounts to Rs 82,50,000. The stamp duty at 7% would be Rs 5,77,500, and the registration fee at 2% would be Rs 1,65,000, bringing the total cost for these fees to Rs 7,42,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.G.S. Colony 1st Main Road?

The A.G.S. Colony 1st Main Road is covered by the Chennai South Joint I Sub Registrar Office, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruvanmiyur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for A.G.S. Colony 1st Main Road?

The current guideline value for A.G.S. Colony 1st Main Road is Rs 8,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 7,500 per sq.ft in 2012 to Rs 5,025 per sq.ft in 2017, then rising to Rs 7,500 per sq.ft in 2023, and finally reaching Rs 8,250 per sq.ft in 2024.

What is the land classification for A.G.S. Colony 1st Main Road?

The land classification for A.G.S. Colony 1st Main Road is Residential Class II Type - I.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 82,50,000, the total fees would amount to Rs 7,42,500.

Which office handles the registration of properties in A.G.S. Colony 1st Main Road?

The registration of properties in A.G.S. Colony 1st Main Road is handled by the Chennai South Joint I Sub Registrar Office, located at Fanepet Nandanam, Chennai - 600 035.