Guideline Value

Corporate

Guideline Value for A.G.S. Colony 2nd Street

₹4400/sq.ft.

The guideline value for A.g.s. Colony 2nd 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 2nd Street

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A.G.S. Colony 2nd Street guideline value

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

Over the years, the guideline value of A.G.S. Colony 2nd Street has seen significant changes. The earliest recorded value in 2002 was Rs 276 per sq.ft. This increased to Rs 363 per sq.ft in 2003, marking a rise of 32%. The value continued to climb, reaching Rs 1,500 per sq.ft in 2007, which represented a substantial increase of 313%. In 2012, the guideline value was recorded at Rs 4,000 per sq.ft, reflecting a notable increase of 167% from the previous revision. However, this figure saw a decrease of 33% to Rs 2,680 per sq.ft in 2017. The guideline value then increased to Rs 4,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for the revisions in years other than those listed. 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 for these streets is Rs 4,400 per sq.ft, which is equal to the current guideline value of A.G.S. Colony 2nd Street.

Stamp duty and registration fee for property in A.G.S. Colony 2nd 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, charged at 7%, would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. The total cost for these fees would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and 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 2nd Street?

The Sub Registrar Office that covers A.G.S. Colony 2nd 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 critical factor when buying or selling property in Velachery. It is used to determine the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of A.G.S. Colony 2nd Street?

The current guideline value of A.G.S. Colony 2nd 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 this period.

What are the stamp duty and registration fees for property in A.G.S. Colony 2nd Street?

For a plot of 1,000 sq.ft, the total guideline value is Rs 44,00,000. The stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for A.G.S. Colony 2nd Street?

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

What is the land classification for A.G.S. Colony 2nd Street?

A.G.S. Colony 2nd Street is classified as Residential Class II Type - II.