Guideline Value

Corporate

Guideline Value for A.G.S. Colony 10th Cross Street Extn 1

₹3850/sq.ft.

The guideline value for A.g.s. Colony 10th Cross Street Extn 1 in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /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 ₹1500 /sq.ft.
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 10th Cross Street Extn 1

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A.G.S. Colony 10th Cross Street Extn 1 guideline value

The current guideline value of A.G.S. Colony 10th Cross Street Extn 1 is Rs 3,850 per sq.ft, effective from 1 July 2024. This property is located in Velachery village, under the Velacheri SRO, and falls under the Residential Class II Type - III land classification.

How the guideline value of A.G.S. Colony 10th Cross Street Extn 1 has changed

Over the years, the guideline value of A.G.S. Colony 10th Cross Street Extn 1 has undergone several revisions. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012, reflecting a significant rise of 133%. However, the value decreased by 33% to Rs 2,345 per sq.ft in 2017. The subsequent revisions saw a notable increase, with the 2023 revision raising the value to Rs 3,500 per sq.ft, and the latest 2024 revision setting it at Rs 3,850 per sq.ft, which is a 10% increase from the previous year.

To summarize the changes: from 2017 to 2023, the value increased by 49%, and the overall change from 2007 to 2024 is an increase of 157%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which means that the 2024 guideline value of A.G.S. Colony 10th Cross Street Extn 1 is below this median.

Stamp duty and registration fee for property in A.G.S. Colony 10th Cross Street Extn 1

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.G.S. Colony 10th Cross Street Extn 1?

The Sub Registrar Office that covers A.G.S. Colony 10th Cross Street Extn 1 is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and transparency. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with regulatory requirements during the registration process.

Frequently asked questions

What is the current guideline value of A.G.S. Colony 10th Cross Street Extn 1?

The current guideline value of A.G.S. Colony 10th Cross Street Extn 1 is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 157% over this period.

What is the land classification for A.G.S. Colony 10th Cross Street Extn 1?

A.G.S. Colony 10th Cross Street Extn 1 falls under the Residential Class II Type - III land classification.

Where can I find the Sub Registrar Office for A.G.S. Colony 10th Cross Street Extn 1?

The Velacheri Sub Registrar Office covers A.G.S. Colony 10th Cross Street Extn 1, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the stamp duty and registration fees for properties in A.G.S. Colony 10th Cross Street Extn 1?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 3,46,500.