Guideline Value

Corporate

Guideline Value for A.G.S. Colony 9th Cross Street

₹3850/sq.ft.

The guideline value for A.g.s. Colony 9th Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
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 9th Cross Street

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A.G.S. Colony 9th Cross Street guideline value

The current guideline value of A.G.S. Colony 9th Cross Street is Rs 3,850 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 - III.

How the guideline value of A.G.S. Colony 9th Cross Street has changed

The guideline value for A.G.S. Colony 9th Cross Street has undergone several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012, marking a significant rise of 133%. However, there was a decrease to Rs 2,345 per sq.ft in 2017, which was a decline of 33%. The value then surged to Rs 3,500 per sq.ft in 2023, reflecting a 49% increase. As of the 2024 revision, the guideline value stands at Rs 3,850 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figures for A.G.S. Colony 9th Cross Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 157%.

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, with a median value of Rs 4,400 per sq.ft. A.G.S. Colony 9th Cross Street's 2024 guideline value of Rs 3,850 per sq.ft is below this median.

Stamp duty and registration fee for property in A.G.S. Colony 9th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that 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 9th Cross Street?

The A.G.S. Colony 9th Cross Street falls under the jurisdiction of 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 plays a crucial role in property transactions in Velachery. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is recorded at a value that reflects the current market standards set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of A.G.S. Colony 9th Cross Street?

The current guideline value of A.G.S. Colony 9th Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, an overall increase of 157% over the years.

What is the stamp duty for property in A.G.S. Colony 9th Cross Street?

The stamp duty for property in A.G.S. Colony 9th Cross Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for A.G.S. Colony 9th Cross Street?

The Velacheri Sub Registrar Office handles registrations for A.G.S. Colony 9th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the other streets in Velachery with similar guideline values?

Other streets in Velachery, such as A.G.S. Colony 8th Street, A.G.S. Colony 9th Main Road, and A.G.S. Colony 9th Street, all have a guideline value of Rs 4,400 per sq.ft in 2024, which is higher than that of A.G.S. Colony 9th Cross Street.