Guideline Value

Corporate

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

₹4400/sq.ft.

The guideline value for A.g.s. Colony 9th 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 9th Street

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

The current guideline value of A.G.S. Colony 9th 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 with a land classification of Residential Class II Type - II.

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

The guideline value for A.G.S. Colony 9th Street has seen several revisions over the years. In 2002, the value was Rs 204 per sq.ft, which increased to Rs 363 per sq.ft in 2003, marking a change of +78%. Following this, the value surged significantly to Rs 1,500 per sq.ft in 2007, an increase of +313%. The 2012 revision saw a decrease to Rs 4,000 per sq.ft, a drop of -33%. In 2017, the value rose to Rs 2,680 per sq.ft, reflecting a +49% change. The most recent revisions include Rs 4,000 per sq.ft in 2023, followed by the current value of Rs 4,400 per sq.ft in 2024, which is a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +2057%. There are no figures available for any other years 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 value is Rs 4,400 per sq.ft, which is equal to the current guideline value of A.G.S. Colony 9th Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees total Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.G.S. Colony 9th Street?

The A.G.S. Colony 9th Street is covered by 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 during the registration of property transactions in Velachery. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded accurately and in compliance with local regulations.

When purchasing a property, it is essential to be aware of the guideline value, as it serves as a benchmark for the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of A.G.S. Colony 9th 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 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 registration office for A.G.S. Colony 9th Street?

The registration office for A.G.S. Colony 9th Street is the Velacheri Sub Registrar Office, 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 9th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 3,08,000.

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

Other streets in Velachery, such as A.G.S. Colony 9th Main Road, A.G.S. Colony 8th Street, and A.G.S. Colony Extension, also have a guideline value of Rs 4,400 per sq.ft in 2024.