Guideline Value for A.G.S. COLONY 2ND MAIN ROAD

A.G.S. Colony 2nd Main Road guideline value

The current guideline value of A.G.S. Colony 2nd Main Road is Rs 8,250 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of A.G.S. Colony 2nd Main Road has changed

In the 2012 revision, the guideline value was Rs 7,500 per sq.ft. This figure remained the same in the 2012 and 2017 revisions. However, in the 2017 revision, it increased to Rs 5,025 per sq.ft, marking a decrease of 33%. The next revision in 2023 saw a significant increase to Rs 7,500 per sq.ft, followed by a further increase to Rs 8,250 per sq.ft in 2024, which is a rise of 10% from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The changes from the 2017 to 2023 revision reflect a substantial increase of 49%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value for A.G.S. Colony 2nd Main Road is below this median.

• A.G.S. Colony 1st Main Road: Rs 8,250 per sq.ft (2024)
• A.G.S. Colony 1st 2nd & 3rd Street: Rs 8,250 per sq.ft (2024)
• A.G.S. Colony Extention: Rs 8,250 per sq.ft (2024)
• A.I.B.E.A. Nagar: Rs 7,150 per sq.ft (2024)
• Ambethkar Street: Rs 7,150 per sq.ft (2024)
• Anna Colony: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in A.G.S. Colony 2nd 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 would be Rs 82,50,000. The stamp duty at 7% would amount to Rs 5,77,500, and the registration fee at 2% would be Rs 1,65,000, totaling Rs 7,42,500. Please note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.G.S. Colony 2nd Main Road?

The A.G.S. Colony 2nd Main Road is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for A.G.S. Colony 2nd Main Road?

The current guideline value for A.G.S. Colony 2nd 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 various changes, with the most recent revision in 2024 increasing it to Rs 8,250 per sq.ft from Rs 7,500 per sq.ft in 2023, marking a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

What is the land classification for A.G.S. Colony 2nd Main Road?

A.G.S. Colony 2nd Main Road is classified as Residential Class II Type - I. This classification impacts the guideline value and property usage in the area.

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

For a property valued at Rs 82,50,000, the stamp duty would be Rs 5,77,500 at 7%, and the registration fee would be Rs 1,65,000 at 2%, totaling Rs 7,42,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for A.G.S. Colony 2nd Main Road?

The Chennai South Joint I Sub Registrar Office handles registrations for A.G.S. Colony 2nd Main Road. It is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.