Guideline Value

Corporate

Guideline Value for A.G.S. Colony 4th Cross Street

₹3850/sq.ft.

The guideline value for A.g.s. Colony 4th Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /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 4th Cross Street

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A.G.S. Colony 4th Cross Street guideline value

The current guideline value of A.G.S. Colony 4th Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO and falls under the Residential Class II Type - III land classification.

How the guideline value of A.G.S. Colony 4th Cross Street has changed

The guideline value has seen several revisions over the years. The earliest recorded value in 2003 was Rs 381 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2007, marking a change of +294%. In 2012, the value rose to Rs 3,500 per sq.ft, reflecting a +133% increase. However, it dropped to Rs 2,345 per sq.ft in 2017, a decrease of -33%. The value then surged to Rs 3,500 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 3,850 per sq.ft, representing a +10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +910%. It is important to note that the register has no figure for the year 2002 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, with a median value of Rs 4,400 per sq.ft. The guideline value of A.G.S. Colony 4th Cross Street is below this median.

Stamp duty and registration fee for property in A.G.S. Colony 4th 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 amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total charges Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.G.S. Colony 4th Cross Street?

A.G.S. Colony 4th Cross Street is covered by the Velacheri Sub Registrar Office located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further assistance.

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. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. These costs are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.G.S. Colony 4th Cross Street?

The current guideline value of A.G.S. Colony 4th 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 increased from Rs 381 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of +910% over this period.

What is the stamp duty rate for property transactions in A.G.S. Colony 4th Cross Street?

The stamp duty rate for property transactions in A.G.S. Colony 4th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for A.G.S. Colony 4th Cross Street?

The Velacheri Sub Registrar Office covers A.G.S. Colony 4th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the registration fees for property in A.G.S. Colony 4th Cross Street?

The registration fee for property in A.G.S. Colony 4th Cross Street is 2% of the guideline value or the sale price, whichever is higher.