Guideline Value

Corporate

Guideline Value for A.G.S. Colony School Main Road

₹4400/sq.ft.

The guideline value for A.g.s. Colony School Main Road 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 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 School Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

A.G.S. Colony School Main Road guideline value

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

The guideline value for A.G.S. Colony School Main Road has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a significant rise of 167%. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The value then increased substantially to Rs 4,000 per sq.ft in 2023, which was a 49% increase from the previous revision.

As of the latest 2024 revision, the guideline value is Rs 4,400 per sq.ft, representing a 10% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 193%. It is worth noting that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a guideline value for 2024, 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 value of A.G.S. Colony School Main Road.

Stamp duty and registration fee for property in A.G.S. Colony School Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to 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, making the total cost for these fees Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers A.G.S. Colony School Main Road?

The A.G.S. Colony School Main Road 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

When buying or selling property in Velachery, the guideline value is a critical factor that determines the stamp duty and registration fees. This value is set by the government and is used to ensure that property transactions are conducted at a fair price.

At the time of registration, the guideline value will be compared to the sale price, and the higher of the two will be used to calculate the applicable duties and fees. This ensures that all transactions are transparent and adhere to the legal requirements set forth by the authorities.

Frequently asked questions

What is the current guideline value for A.G.S. Colony School Main Road?

The current guideline value for A.G.S. Colony School Main Road 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 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, an overall increase of 193%. The most recent revision was a 10% increase from Rs 4,000 per sq.ft in 2023.

Where can I find the registration office for A.G.S. Colony School Main Road?

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

What is the stamp duty for property in A.G.S. Colony School Main Road?

The stamp duty for property in A.G.S. Colony School Main Road is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.

How is the guideline value determined?

The guideline value is determined by the government and is based on various factors, including the location and classification of the property. It is updated periodically to reflect changes in the real estate market.