Guideline Value

Corporate

Guideline Value for A.G.S. Colony Extension

₹4400/sq.ft.

The guideline value for A.g.s. Colony Extension 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 ₹372 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹220 /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 Extension

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A.G.S. Colony Extension guideline value

The current guideline value of A.G.S. Colony Extension is Rs 4,400 per sq.ft, effective from 1 July 2024. This area 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 Extension has changed

The guideline value for A.G.S. Colony Extension has seen several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 220 per sq.ft. This increased to Rs 372 per sq.ft in 2003, marking a change of +69%. The value then surged significantly to Rs 1,500 per sq.ft in 2007, reflecting a remarkable increase of +303%. Following this, the value rose to Rs 4,000 per sq.ft in 2012, which was a +167% change. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, a decline of -33%. The guideline value climbed again to Rs 4,000 per sq.ft in 2023, and most recently, it has been set at Rs 4,400 per sq.ft for 2024, representing a +10% increase.

In summary, from 2002 to 2024, the overall increase in the guideline value is +1900%. The revisions from 2017 to 2023 and from 2023 to 2024 reflect the most recent changes in this area.

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 for these streets is Rs 4,400 per sq.ft, which is equal to the current value of A.G.S. Colony Extension.

Stamp duty and registration fee for property in A.G.S. Colony Extension

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 amount to Rs 88,000, bringing the total to Rs 3,96,000. 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 details.

Which Sub Registrar Office covers A.G.S. Colony Extension?

The Sub Registrar Office that covers A.G.S. Colony Extension is 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 a crucial factor when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered. This means that the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with registration. Buyers should ensure that they are informed about the latest figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of A.G.S. Colony Extension?

The current guideline value of A.G.S. Colony Extension 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 increased from Rs 220 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +1900% over this period.

What is the stamp duty rate for property in A.G.S. Colony Extension?

The stamp duty rate for property in A.G.S. Colony Extension is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for A.G.S. Colony Extension?

The Sub Registrar Office for A.G.S. Colony Extension is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for A.G.S. Colony Extension?

A.G.S. Colony Extension is classified as Residential Class II Type - II under the current guidelines.