Guideline Value

Corporate

Guideline Value for A.G.S. Colony 2nd Main Road

₹4400/sq.ft.

The guideline value for A.g.s. Colony 2nd Main Road 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 ₹381 /sq.ft.
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 2nd Main Road

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

The current guideline value of A.G.S. Colony 2nd Main Road 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 2nd Main Road has changed

The guideline value for A.G.S. Colony 2nd Main Road has seen several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 381 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2007, marking a change of +294%. In 2012, the value rose to Rs 4,000 per sq.ft, an increase of +167%. However, in 2017, it dropped to Rs 2,680 per sq.ft, reflecting a decrease of -33%. The value then increased to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision, a rise of +10%.

Overall, from 2003 to 2024, the guideline value has increased by +1055%. It is important to note that there is no figure available for the year 2002 in the register 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 is Rs 4,400 per sq.ft, which is equal to the current guideline value of A.G.S. Colony 2nd Main Road.

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

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

The Sub Registrar Office that covers A.G.S. Colony 2nd Main Road 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 an important factor when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable duties. This ensures that the transaction is recorded accurately in the official records, reflecting the correct value of the property as determined by the government.

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 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 381 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +1055%.

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 - II.

Where can I find the registration office for A.G.S. Colony 2nd Main Road?

The registration office for A.G.S. Colony 2nd Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in A.G.S. Colony 2nd Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000, leading to a stamp duty of Rs 3,08,000.