Guideline Value

Corporate

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

₹4400/sq.ft.

The guideline value for A.g.s. Colony 7th Street 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 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹363 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹204 /sq.ft.
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

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

The current guideline value of A.G.S. Colony 7th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

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

The guideline value for A.G.S. Colony 7th Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 204 per sq.ft. This value increased to Rs 363 per sq.ft in 2003, marking a change of +78%. The value continued to rise significantly, reaching Rs 1,500 per sq.ft in 2007, which represents a +313% increase. In 2012, the guideline value was Rs 4,000 per sq.ft, showing an increase of +167% from the previous revision.

From 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a -33% change. However, it rebounded to Rs 4,000 per sq.ft in 2023, which was a +49% increase. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, an increase of +10% from 2023. Overall, from 2002 to 2024, the guideline value has increased by +2057%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft as of 2024. The median guideline value for these streets is Rs 4,400 per sq.ft, which is equal to the guideline value of A.G.S. Colony 7th Street.

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

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. Together, the total cost for stamp duty and registration fee would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers A.G.S. Colony 7th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration 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 at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value and the sale price, which ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of A.G.S. Colony 7th Street 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 several times, starting from Rs 204 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +2057% over the years.

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

A.G.S. Colony 7th Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft property, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for A.G.S. Colony 7th Street?

The Velacheri Sub Registrar Office handles registrations for A.G.S. Colony 7th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.