Guideline Value

Corporate

Guideline Value for A.G.S. Colony 6th Cross Street

₹3850/sq.ft.

The guideline value for A.g.s. Colony 6th 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 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 6th Cross Street

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A.G.S. Colony 6th Cross Street guideline value

The current guideline value of A.G.S. Colony 6th 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 is classified as Residential Class II Type - III.

How the guideline value of A.G.S. Colony 6th Cross Street has changed

The guideline value for A.G.S. Colony 6th Cross Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a 133% rise. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, showing a 49% increase. The latest revision in 2024 has further increased the guideline value to Rs 3,850 per sq.ft, a 10% rise from the previous year.

It is important to note that the register has no figures for A.G.S. Colony 6th Cross Street for the years 2002 and 2003. Overall, from the 2007 revision to the current 2024 value, there has been a total increase of 157%.

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 for these streets is Rs 4,400 per sq.ft, placing the 2024 figure for A.G.S. Colony 6th Cross Street below this median.

Stamp duty and registration fee for property in A.G.S. Colony 6th 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 would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total charges to Rs 3,46,500. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers A.G.S. Colony 6th Cross Street?

The Sub Registrar Office that covers A.G.S. Colony 6th Cross 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 further assistance.

How the guideline value is used when you buy or sell in Velachery

The guideline value is crucial during property transactions in Velachery, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware that the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

Understanding the guideline value helps in ensuring compliance with legal requirements during property transactions. It serves as a benchmark for assessing property values in the area, making it an essential aspect of real estate dealings in Velachery.

Frequently asked questions

What is the current guideline value of A.G.S. Colony 6th Cross Street?

The current guideline value of A.G.S. Colony 6th 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 changed from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 157% over the years.

What is the land classification of A.G.S. Colony 6th Cross Street?

A.G.S. Colony 6th Cross Street is classified as Residential Class II Type - III.

Where can I find the registration office for A.G.S. Colony 6th Cross Street?

The registration office for A.G.S. Colony 6th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in A.G.S. Colony 6th Cross Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500.