Guideline Value

Corporate

Guideline Value for A.G.S. Colony 10th Street

₹4400/sq.ft.

The guideline value for A.g.s. Colony 10th Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹363 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹204 /sq.ft.
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 Street

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A.G.S. Colony 10th Street guideline value

The current guideline value of A.G.S. Colony 10th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO, classified as Residential Class II Type - II.

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

The guideline value for A.G.S. Colony 10th Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 204 per sq.ft. This increased to Rs 363 per sq.ft in 2003, marking a change of +78%. The value saw a significant rise to Rs 1,500 per sq.ft in 2007, which was an increase of +313%. In 2012, the value was Rs 4,000 per sq.ft, reflecting a decrease of -33% from the previous revision. The 2017 revision brought it back to Rs 2,680 per sq.ft, which was a +49% change from 2012. The most recent revisions show a rise to Rs 4,000 per sq.ft in 2023, followed by another increase to the current value of Rs 4,400 per sq.ft in 2024, which is a +10% change.

There are no figures available for the revisions of A.G.S. Colony 10th Street in the years not listed. Overall, from 2002 to 2024, the guideline value has increased by +2057%.

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 is Rs 4,400 per sq.ft, which is equal to the guideline value of A.G.S. Colony 10th Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to 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 duty is charged on the higher of the guideline value and 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 10th Street?

The Sub Registrar Office that covers A.G.S. Colony 10th Street 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 when registering property transactions in Velachery. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the transaction. The guideline value ensures that the property is assessed fairly for taxation purposes.

Frequently asked questions

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

The current guideline value of A.G.S. Colony 10th Street 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 significantly from Rs 204 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +2057%.

What is the stamp duty rate for property in A.G.S. Colony 10th Street?

The stamp duty rate for property transactions in A.G.S. Colony 10th Street is 7% of the guideline value or the sale price, whichever is higher.

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

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

What factors affect the guideline value in Velachery?

The guideline value in Velachery is determined based on various factors, including land classification and market conditions. Each street has its own guideline value, which can vary significantly from one area to another.