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Guideline Value

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Guideline Value for A.G.S. Colony 5th Main Road Vinayagapuram

₹4400/sq.ft.

The guideline value for A.g.s. Colony 5th Main Road Vinayagapuram 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 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
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 5th Main Road Vinayagapuram

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A.G.S. Colony 5th Main Road Vinayagapuram guideline value

The current guideline value of A.G.S. Colony 5th Main Road Vinayagapuram is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under Velachery village and is classified as Residential Class II Type - II, within the Velacheri SRO.

How the guideline value of A.G.S. Colony 5th Main Road Vinayagapuram has changed

The guideline value for A.G.S. Colony 5th Main Road Vinayagapuram has seen several revisions over the years. The earliest recorded revision in 2017 set the value at Rs 2,680 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 further increased the value to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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 value is Rs 4,400 per sq.ft, which is also the current guideline value for A.G.S. Colony 5th Main Road Vinayagapuram.

Stamp duty and registration fee for property in A.G.S. Colony 5th Main Road Vinayagapuram

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, leading to a total cost of Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or 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 5th Main Road Vinayagapuram?

The Sub Registrar Office that covers A.G.S. Colony 5th Main Road Vinayagapuram 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 crucial factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value helps calculate the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value for A.G.S. Colony 5th Main Road Vinayagapuram?

The current guideline value for A.G.S. Colony 5th Main Road Vinayagapuram is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 64% during this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations in A.G.S. Colony 5th Main Road Vinayagapuram?

The Velacheri Sub Registrar Office handles property registrations for A.G.S. Colony 5th Main Road Vinayagapuram, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating the associated stamp duty and registration fees during property transactions.