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Guideline Value

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Guideline Value for A.G.S. Colony 11th Cross Street (Chokalingam Nagar)

₹4400/sq.ft.

The guideline value for A.g.s. Colony 11th Cross Street (chokalingam Nagar) 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 ₹1710 /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 11th Cross Street (chokalingam Nagar)

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A.G.S. Colony 11th Cross Street (Chokalingam Nagar) guideline value

The current guideline value of A.G.S. Colony 11th Cross Street (Chokalingam Nagar) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification is Residential Class II Type - II.

How the guideline value of A.G.S. Colony 11th Cross Street (Chokalingam Nagar) has changed

The guideline value for A.G.S. Colony 11th Cross Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,710 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 134%. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The 2017 revision brought the value back up to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 4,400 per sq.ft, a 10% increase from the previous year.

The overall change from the 2007 revision to the current 2024 guideline value is an increase of 157%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

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 current guideline value of A.G.S. Colony 11th Cross Street.

Stamp duty and registration fee for property in A.G.S. Colony 11th Cross Street (Chokalingam Nagar)

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 cost for these fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers A.G.S. Colony 11th Cross Street (Chokalingam Nagar)?

The Sub Registrar Office that covers A.G.S. Colony 11th Cross Street (Chokalingam Nagar) 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 transaction is recorded at a fair value.

When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for legal ownership transfer. Buyers should be aware of the guideline value to ensure compliance with local regulations and avoid any penalties.

Frequently asked questions

What is the current guideline value for A.G.S. Colony 11th Cross Street?

The current guideline value for A.G.S. Colony 11th Cross Street (Chokalingam Nagar) 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 over the years, from Rs 1,710 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 157%.

What is the land classification for A.G.S. Colony 11th Cross Street?

The land classification for A.G.S. Colony 11th Cross Street (Chokalingam Nagar) is Residential Class II Type - II.

Where can I find the registration office for A.G.S. Colony 11th Cross Street?

The registration office for A.G.S. Colony 11th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in A.G.S. Colony 11th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.