Guideline Value

Corporate

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

₹4400/sq.ft.

The guideline value for A.g.s. Colony 5th 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 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

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

The current guideline value of A.G.S. Colony 5th 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 5th Main Road has changed

The guideline value has undergone several revisions over the years. The earliest available figure is from 2007, where it was Rs 1,500 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 167% rise. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. From 2017 to 2023, the value saw a substantial increase of 49%, reaching Rs 4,000 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

There are no available figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 193%.

Guideline values in Velachery

In Velachery, there are 2691 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 matches the 2024 figure for A.G.S. Colony 5th Main Road.

Stamp duty and registration fee for property in A.G.S. Colony 5th 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 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 to Rs 3,96,000. 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 5th Main Road?

The A.G.S. Colony 5th 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 is a crucial factor during the registration process of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the state receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential for both parties to be aware of this value to avoid discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of A.G.S. Colony 5th 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 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 193% across various revisions.

What is the stamp duty for property in A.G.S. Colony 5th Main Road?

The stamp duty for property in A.G.S. Colony 5th Main Road is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for A.G.S. Colony 5th Main Road?

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

What are the other streets with guideline values in Velachery?

Other streets in Velachery under the Velacheri SRO include A.G.S. Colony 5th Cross Street, A.G.S. Colony 5th Main Road Vinayagapuram, A.G.S. Colony 4th Street, A.G.S. Colony 5th Street, A.G.S. Colony 4th Main Road, and A.G.S. Colony 6th Cross Street, each with varying guideline values.