Guideline Value for A.G.S. Colony 6th Main Road

A.G.S. Colony 6th Main Road guideline value

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

How the guideline value of A.G.S. Colony 6th Main Road has changed

The guideline value has seen several revisions over the years. The earliest available figure is from 2007, where the value was Rs 1,500 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, representing a 167% rise. However, the value dropped to Rs 2,680 per sq.ft in 2017, marking a decrease of 33% from the previous revision. The value then rose to Rs 4,000 per sq.ft in 2023, which was a 49% increase from 2017.

In the latest revision for 2024, the guideline value has increased to Rs 4,400 per sq.ft, reflecting a 10% rise from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 193%. The register has no figures for the years 2002 and 2003 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 is Rs 4,400 per sq.ft, which is equal to the current guideline value of A.G.S. Colony 6th Main Road.

• A.G.S. Colony 6th Cross Street: Rs 3,850 per sq.ft (2024)
• A.G.S. Colony 6th Main Road, M.G.R. Nagar Extn.: Rs 4,400 per sq.ft (2024)
• A.G.S. Colony 5th Street: Rs 4,400 per sq.ft (2024)
• A.G.S. Colony 6th Street: Rs 4,400 per sq.ft (2024)
• A.G.S. Colony 5th Main Road Vinayagapuram: Rs 4,400 per sq.ft (2024)
• A.G.S. Colony 7th Cross Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in A.G.S. Colony 6th 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 would be 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, making the total cost for these fees Rs 3,96,000. Duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.G.S. Colony 6th Main Road?

The A.G.S. Colony 6th Main Road 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 an essential factor during the registration of property transactions in Velachery. It serves as a benchmark for calculating the stamp duty and registration fees that buyers need to pay when purchasing property.

When selling property, the guideline value helps determine the minimum price at which the property can be sold for registration purposes. It ensures that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of A.G.S. Colony 6th Main Road?

The current guideline value of A.G.S. Colony 6th 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, showing an overall increase of 193% over the years.

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.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is 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 6th Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 3,08,000.