Guideline Value

Corporate

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

₹4400/sq.ft.

The guideline value for A.g.s. Colony 3rd 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 ₹323 /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 3rd Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

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

The current guideline value of A.G.S. Colony 3rd 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 3rd Street has changed

The guideline value for A.G.S. Colony 3rd Street has seen several revisions over the years. Starting from Rs 323 per sq.ft in 2002, it increased to Rs 363 per sq.ft in 2003, marking a 12% rise. By 2007, the value jumped significantly to Rs 1,500 per sq.ft, reflecting a 313% increase. The 2012 revision brought it down to Rs 4,000 per sq.ft, a decrease of 33%. In 2017, the value rose again to Rs 2,680 per sq.ft, an increase of 49%. The 2023 revision set the value at Rs 4,000 per sq.ft, and the most recent revision in 2024 has increased it to Rs 4,400 per sq.ft, a 10% rise.

There are no figures available for A.G.S. Colony 3rd Street for the years not mentioned in the revisions. Overall, from 2002 to 2024, the guideline value has increased by 1262%.

Guideline values in Velachery

In Velachery, there are 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 guideline value for these streets is Rs 4,400 per sq.ft, which is equal to the current value of A.G.S. Colony 3rd Street.

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

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. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering A.G.S. Colony 3rd 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 information.

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, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers should be informed about the current guideline value to ensure compliance with registration requirements and to avoid any potential disputes during the sale process.

Frequently asked questions

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

The current guideline value of A.G.S. Colony 3rd 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, starting from Rs 323 per sq.ft in 2002 and reaching Rs 4,400 per sq.ft in 2024. The overall increase from 2002 to 2024 is 1262%.

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

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

Which Sub Registrar Office should I visit for A.G.S. Colony 3rd Street?

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

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

A.G.S. Colony 3rd Street is classified as Residential Class II Type - II, which is important for understanding the zoning and usage regulations in the area.