Guideline Value for A.G.S. Colony

A.G.S. Colony guideline value

The current guideline value of A.G.S. Colony, located in Perungalathur village under the Padappai SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

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

The guideline value of A.G.S. Colony has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012, marking an increase of 800%. However, in 2017, it dropped to Rs 1,206 per sq.ft, a decrease of 33%. The value then rose again to Rs 1,800 per sq.ft in 2023, and most recently, it reached Rs 1,980 per sq.ft in 2024, reflecting a 10% increase from the previous year. Notably, there are no figures available for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 890%. The changes between revisions indicate a fluctuating trend, with significant jumps and drops in value at different points in time.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing A.G.S. Colony's 2024 figure below that median.

• Agastheeswarar Koil Street: Rs 1,650 per sq.ft (2024)
• Agan Avenue Phase-II: Rs 3,080 per sq.ft (2024)
• Akan Avenue: Rs 1,770 per sq.ft (2024)
• Akan Avenue Phase III: Rs 2,800 per sq.ft (2024)
• Akan Avenue Phase IV: Rs 2,800 per sq.ft (2024)
• Adithi Garden: Rs 2,970 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers A.G.S. Colony is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Perungalathur

The guideline value plays a crucial role during the registration of property transactions in Perungalathur. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is legally recognized and documented.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Accurate knowledge of these figures helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of A.G.S. Colony is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 890% over the years.

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

A.G.S. Colony is classified as Residential Class III Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property in A.G.S. Colony?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft property, the total costs would amount to Rs 1,78,200.

Which office handles the registration for A.G.S. Colony?

The registration for A.G.S. Colony is handled by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.