Guideline Value

Corporate

Guideline Value for A.G.S. Colony

₹4400/sq.ft.

The guideline value for A.g.s. Colony 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 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 ₹363 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹276 /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

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A.G.S. Colony guideline value

The current guideline value of A.G.S. Colony in Velachery village is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under the Velacheri SRO and is classified as Residential Class II Type - II.

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

The guideline value of A.G.S. Colony has seen significant changes over the years. In 2002, the value was Rs 276 per sq.ft, which increased to Rs 363 per sq.ft in 2003, marking a change of 32%. By 2017, the value had risen to Rs 2,680 per sq.ft, reflecting a substantial increase of 638% from 2003. The 2023 revision set the value at Rs 4,000 per sq.ft, indicating a 49% increase from 2017.

The most recent revision in 2024 has further increased the guideline value to Rs 4,400 per sq.ft, which is a 10% rise from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1494%. It is noteworthy that the register has no figures for the years 2007 and 2012 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 guideline value is Rs 4,400 per sq.ft, which matches the current value for A.G.S. Colony.

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 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, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The A.G.S. Colony area 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 SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is conducted in compliance with local regulations.

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 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 276 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 1494%.

What are the stamp duty rates for property in A.G.S. Colony?

The stamp duty rate for property transactions in A.G.S. Colony is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office is responsible for property registration in A.G.S. Colony?

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

What is the median guideline value in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, which is the same as the current value for A.G.S. Colony.