Guideline Value for A.G.S. Colony

A.G.S. Colony guideline value

The current guideline value of A.G.S. Colony, located in Madipakkam-1 village under the Velacheri SRO, is Rs 2,750 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - III land classification.

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

The guideline value for A.G.S. Colony has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further raised the value to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, which is the same as the current value for A.G.S. Colony.

• A.G.S. Colony 1st Cross Street: Rs 2,750 per sq.ft (2024)
• A.G.S. Colony 1st Street: Rs 2,750 per sq.ft (2024)
• A.G.S. Colony 2nd Cross Street: Rs 2,750 per sq.ft (2024)
• A.G.S. Colony 2nd street: Rs 2,750 per sq.ft (2024)
• A.G.S. Colony 3rd street: Rs 2,750 per sq.ft (2024)
• A.G.S. Colony 4th street: Rs 2,750 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 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, resulting in a total of Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

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

The A.G.S. Colony is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific Sub Registrar Office, you can visit find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role in the registration process for property transactions in Madipakkam-1. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is officially recorded.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall costs associated with property transactions. Accurate knowledge of these values helps in better financial planning 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 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, representing a total increase of 64% over this period.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations in A.G.S. Colony?

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

What is the range of guideline values in Madipakkam-1?

The guideline values in Madipakkam-1 range from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft.