Guideline Value

Corporate

Guideline Value for A.G.S. Colony 1st Street

₹4400/sq.ft.

The guideline value for A.g.s. Colony 1st 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 ₹276 /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 1st Street

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A.G.S. Colony 1st Street guideline value

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

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

The guideline value of A.G.S. Colony 1st Street has undergone several revisions over the years. In 2002, the guideline value was Rs 276 per sq.ft, which increased to Rs 363 per sq.ft in 2003, marking a 32% rise. The value then saw a significant increase to Rs 1,500 per sq.ft in 2007, reflecting a 313% change. By 2012, the value was Rs 4,000 per sq.ft, which was a 167% increase from the previous revision. However, in 2017, it dropped to Rs 2,680 per sq.ft, showing a decrease of 33%.

In 2023, the guideline value rose to Rs 4,000 per sq.ft, and the most recent revision in 2024 set it at Rs 4,400 per sq.ft, indicating a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1494%.

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 the same as the current guideline value for A.G.S. Colony 1st Street.

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

For a 1,000 sq.ft plot at the current rate, the 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, totaling 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.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers A.G.S. Colony 1st 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 details.

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

The guideline value is a crucial factor when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers must ensure that they are aware of the current guideline value to accurately calculate these costs.

When registering a property, the guideline value serves as a benchmark for the transaction value, ensuring that the fees are appropriately assessed. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of A.G.S. Colony 1st Street?

The current guideline value of A.G.S. Colony 1st 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 276 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1494% over the years.

What are the stamp duty and registration fees for property in A.G.S. Colony 1st Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,96,000, based on the current guideline value of Rs 44,00,000.

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

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

What is the land classification of A.G.S. Colony 1st Street?

A.G.S. Colony 1st Street is classified as Residential Class II Type - II, which is important for determining the guideline value and applicable regulations.