Guideline Value

Corporate

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

₹4400/sq.ft.

The guideline value for A.g.s. Colony 8th 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 ₹382 /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 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 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

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

The guideline value for A.G.S. Colony 8th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 204 per sq.ft, which increased to Rs 382 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 1,500 per sq.ft in 2007, then jumped to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017. The value then rose to Rs 4,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 4,400 per sq.ft. The register has no figure for this street in the years not mentioned.

From 2017 to 2023, there was a 49% increase in the guideline value. The jump from 2023 to 2024 reflects a 10% increase. The earlier revisions show a decrease of 33% from 2012 to 2017, a substantial increase of 167% from 2007 to 2012, and a remarkable rise of 293% from 2003 to 2007. 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 that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current figure 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 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, totaling Rs 3,96,000. Duty is charged on the higher of the guideline value and 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 8th Street?

The A.G.S. Colony 8th Street 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 an essential factor in property transactions in Velachery. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

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 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 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 of A.G.S. Colony 8th Street?

A.G.S. Colony 8th Street 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 8th Street?

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