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Guideline Value

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Guideline Value for A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn,

₹4400/sq.ft.

The guideline value for A.g.s. Colony 6th Main Road, M.g.r. Nagar Extn, 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 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 6th Main Road, M.g.r. Nagar Extn,

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A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn, guideline value

The current guideline value of A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under Velachery village, within the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn, has changed

The guideline value has undergone several revisions over the years. In 2012, the value was set at Rs 4,000 per sq.ft. This figure remained unchanged until 2017, when it decreased to Rs 2,680 per sq.ft, marking a significant drop of 33%. Following this, the value increased to Rs 4,000 per sq.ft in 2023, and further rose to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 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 value among these streets is Rs 4,400 per sq.ft, which is equal to the current guideline value of A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn.

Stamp duty and registration fee for property in A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn,

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 cost for these fees 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn,?

The A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn, is covered by 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 in the registration process of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for completing the legal transfer of ownership. This ensures that all parties involved are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn?

The current guideline value of A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn, 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 seen several changes, from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the stamp duty for property in A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn?

The stamp duty for property in A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn, is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for A.G.S. Colony 6th Main Road?

The Velacheri Sub Registrar Office handles registrations for A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for A.G.S. Colony 6th Main Road?

A.G.S. Colony 6th Main Road is classified as Residential Class II Type - II, which indicates its primary use for residential purposes.