Guideline Value

Corporate

Guideline Value for A.G.S. Colony 5th Street

₹2750/sq.ft.

The guideline value for A.g.s. Colony 5th Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /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 Street

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A.G.S. Colony 5th Street guideline value

The current guideline value of A.G.S. Colony 5th 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 falls under Residential Class I Type - III land classification.

How the guideline value of A.G.S. Colony 5th Street has changed

The guideline value for A.G.S. Colony 5th Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which was then increased to Rs 2,500 per sq.ft in the 2023 revision. The current 2024 revision marks a further increase to Rs 2,750 per sq.ft, reflecting a change of +10% from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by +49%, and overall, from 2017 to 2024, it has risen by +64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, making A.G.S. Colony 5th Street's 2024 figure equal to that median.

Stamp duty and registration fee for property in A.G.S. Colony 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total 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, bringing the total to 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.G.S. Colony 5th Street?

The Sub Registrar Office that covers A.G.S. Colony 5th 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 for more information.

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

The guideline value is a critical factor in property transactions in Madipakkam-1, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value ensures that the property is assessed fairly for taxation purposes. It is essential for both parties in a transaction to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of A.G.S. Colony 5th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, and now to Rs 2,750 per sq.ft in 2024. This represents an overall increase of +64% from 2017 to 2024.

What is the registration fee for property in A.G.S. Colony 5th Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 27,50,000, the registration fee would be Rs 55,000.

Which Sub Registrar Office covers A.G.S. Colony 5th Street?

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

How is stamp duty calculated for properties in A.G.S. Colony 5th Street?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.