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

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

The current guideline value of A.G.S. Colony 3rd street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO, and is classified as Residential Class I Type - III.

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

In the 2017 revision, the guideline value was Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent 2024 revision set the value at Rs 2,750 per sq.ft, reflecting a 10% increase from 2023. Overall, from 2017 to 2024, the guideline value has risen by 64%.

The register has no figures for the years 2012, 2007, 2003, and 2002 for A.G.S. Colony 3rd street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 2,750 per sq.ft, which is equal to the 2024 figure for A.G.S. Colony 3rd street.

• A.G.S. Colony 4th street: Rs 2,750 per sq.ft (2024)
• A.G.S. Colony 2nd street: Rs 2,750 per sq.ft (2024)
• A.G.S. Colony 5th Street: Rs 2,750 per sq.ft (2024)
• A.G.S. Colony 2nd Cross Street: Rs 2,750 per sq.ft (2024)
• A.G.S. Colony 1st Street: Rs 2,750 per sq.ft (2024)
• A.G.S. Colony 6th Street: Rs 2,750 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers 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 here.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees payable during the registration process. Buyers and sellers must refer to the latest guideline value to ensure compliance with the legal requirements.

When a property is sold, the guideline value serves as a benchmark for the transaction, ensuring that the sale price reflects the current market standards set by the registration department. This helps in maintaining transparency and accountability in property dealings.

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 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the stamp duty for properties in A.G.S. Colony 3rd street?

The stamp duty for properties in A.G.S. Colony 3rd street is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.

Where can I find the Sub Registrar Office for A.G.S. Colony 3rd street?

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

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

A.G.S. Colony 3rd street is classified as Residential Class I Type - III, according to the guidelines set by the registration department.