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Guideline Value

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Guideline Value for A.G.S. Colony 7th Street Vinayagapuram

₹4400/sq.ft.

The guideline value for A.g.s. Colony 7th Street Vinayagapuram 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 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 7th Street Vinayagapuram

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A.G.S. Colony 7th Street Vinayagapuram guideline value

The current guideline value of A.G.S. Colony 7th Street Vinayagapuram is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under Velachery village and is classified as Residential Class II Type - II, within the Velacheri SRO.

How the guideline value of A.G.S. Colony 7th Street Vinayagapuram has changed

The guideline value for A.G.S. Colony 7th Street Vinayagapuram has seen several revisions over the years. The 2017 revision set the value at Rs 2,680 per sq.ft. This was followed by the 2023 revision, which increased the value to Rs 4,000 per sq.ft, marking a significant rise of 49%. The most recent 2024 revision has further increased the guideline value to Rs 4,400 per sq.ft, a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 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 guideline value for these streets is Rs 4,400 per sq.ft, which is the same as the current value for A.G.S. Colony 7th Street Vinayagapuram.

Stamp duty and registration fee for property in A.G.S. Colony 7th Street Vinayagapuram

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 cost for these fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.G.S. Colony 7th Street Vinayagapuram?

The A.G.S. Colony 7th Street Vinayagapuram 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 when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of A.G.S. Colony 7th Street Vinayagapuram?

The current guideline value of A.G.S. Colony 7th Street Vinayagapuram 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 significantly from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for A.G.S. Colony 7th Street Vinayagapuram?

A.G.S. Colony 7th Street Vinayagapuram 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 7th Street Vinayagapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.