Guideline Value for A.G.S. Colony 3rd Cross Street

A.G.S. Colony 3rd Cross Street guideline value

The current guideline value of A.G.S. Colony 3rd Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO, classified as Residential Class II Type - III.

How the guideline value of A.G.S. Colony 3rd Cross Street has changed

The guideline value for A.G.S. Colony 3rd Cross Street has seen several revisions over the years. In 2003, the value was Rs 381 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2007, marking a rise of 294%. The value then jumped to Rs 3,500 per sq.ft in 2012, reflecting an increase of 133%. However, in 2017, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024, representing a 10% increase.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 910%.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO with 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, indicating that A.G.S. Colony 3rd Cross Street's 2024 figure is below this median.

• A.G.S. Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• A.G.S. Colony 3rd Main Road: Rs 4,400 per sq.ft (2024)
• A.G.S. Colony 3rd Street: Rs 4,400 per sq.ft (2024)
• A.G.S. Colony 2nd Main Road: Rs 4,400 per sq.ft (2024)
• A.G.S. Colony 4th Cross Street: Rs 3,850 per sq.ft (2024)
• A.G.S. Colony 2nd Cross Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in A.G.S. Colony 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. 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 3rd Cross Street?

A.G.S. Colony 3rd Cross Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Velachery, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of purchasing or selling property in the area. Accurate knowledge of the guideline value ensures compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of A.G.S. Colony 3rd Cross Street?

The current guideline value of A.G.S. Colony 3rd Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 381 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 910% over the years.

What are the stamp duty and registration fees for property in A.G.S. Colony 3rd Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 38,50,000. The stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office covers A.G.S. Colony 3rd Cross Street?

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

What is the land classification for A.G.S. Colony 3rd Cross Street?

A.G.S. Colony 3rd Cross Street is classified as Residential Class II Type - III.