Guideline Value

Corporate

Guideline Value for A.G.S. Colony 4th Main Road

₹4400/sq.ft.

The guideline value for A.g.s. Colony 4th Main Road 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 ₹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 Main Road

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A.G.S. Colony 4th Main Road guideline value

The current guideline value of A.G.S. Colony 4th Main Road 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 4th Main Road has changed

The guideline value for A.G.S. Colony 4th Main Road has seen several revisions over the years. In 2003, the guideline value was Rs 381 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2007, marking a change of +294%. The value then rose to Rs 4,000 per sq.ft in 2012, reflecting an increase of +167%. However, it decreased to Rs 2,680 per sq.ft in 2017, a change of -33%. The value then saw a substantial rise to Rs 4,000 per sq.ft in 2023, followed by a further increase to the current rate of Rs 4,400 per sq.ft in 2024, which is a +10% change.

Overall, from 2003 to 2024, the guideline value has increased by +1055%. 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. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current guideline value for A.G.S. Colony 4th Main Road.

Stamp duty and registration fee for property in A.G.S. Colony 4th Main Road

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 at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.G.S. Colony 4th Main Road?

The A.G.S. Colony 4th Main Road falls under 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 plays a crucial role in the registration process of property transactions in Velachery. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the financial aspects of property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of A.G.S. Colony 4th Main Road?

The current guideline value of A.G.S. Colony 4th Main Road 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 from Rs 381 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +1055% over the years.

What is the stamp duty rate for property in A.G.S. Colony 4th Main Road?

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

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for A.G.S. Colony 4th Main Road?

A.G.S. Colony 4th Main Road is classified as Residential Class II Type - II.