Guideline Value

Corporate

Guideline Value for A.G.S. Colony 8th Street

₹2750/sq.ft.

The guideline value for A.g.s. Colony 8th Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /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 8th Street

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A.G.S. Colony 8th Street guideline value

The current guideline value of A.G.S. Colony 8th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of A.G.S. Colony 8th Street has changed

The guideline value of A.G.S. Colony 8th Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. This figure was increased to Rs 2,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current 2024 revision further increased the guideline value to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO carrying a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,750 per sq.ft, which is equal to the current guideline value for A.G.S. Colony 8th Street.

Stamp duty and registration fee for property in A.G.S. Colony 8th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. The duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers A.G.S. Colony 8th Street?

The Sub Registrar Office that covers A.G.S. Colony 8th 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 online for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is an important factor during property registration in Madipakkam-1. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees that buyers must pay.

When buying or selling property, the guideline value ensures that transactions are recorded at a fair value, which helps maintain transparency in the real estate market. Buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of A.G.S. Colony 8th Street?

The current guideline value of A.G.S. Colony 8th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking a total increase of 64% over these years.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, which is the same as the current guideline value for A.G.S. Colony 8th Street.

What are the stamp duty rates for property in A.G.S. Colony 8th Street?

The stamp duty for property in A.G.S. Colony 8th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for A.G.S. Colony 8th Street?

The Velacheri Sub Registrar Office handles property registrations for A.G.S. Colony 8th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.