Guideline Value for A.G.S. Colony

A.G.S. Colony guideline value

The current guideline value of A.G.S. Colony, located in Nemilicherry village under the Pallavaram SRO, is Rs 2,420 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

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

The guideline value for A.G.S. Colony has seen several revisions over the years. In 2007, the guideline value was Rs 1,412 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in the 2012 revision, marking a rise of 56%. However, in 2023, the value dropped to Rs 2,000 per sq.ft, reflecting a decrease of 9%. The most recent revision in 2024 set the guideline value at Rs 2,420 per sq.ft, which is an increase of 21% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 71%.

Guideline values in Nemilicherry

Nemilicherry village has a total of 172 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,160 per sq.ft, placing A.G.S. Colony's 2024 figure above this median.

• A.G.S.Staff Colony: Rs 2,420 per sq.ft (2024)
• Agastheesvarar Nagar: Rs 2,750 per sq.ft (2024)
• Alamaram Street: Rs 2,420 per sq.ft (2024)
• Abirami Nagar: Rs 2,160 per sq.ft (2024)
• Amaravathi Street: Rs 1,100 per sq.ft (2024)
• Ambedkar Nagar: Rs 2,160 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 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty, charged at 7%, would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400. Together, these fees total Rs 2,17,800. 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?

The A.G.S. Colony is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nemilicherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

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 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,412 per sq.ft to Rs 2,420 per sq.ft in 2024, marking an overall increase of 71%.

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

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

Which Sub Registrar Office should I visit for A.G.S. Colony?

The Pallavaram Sub Registrar Office covers A.G.S. Colony. It is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

Where can I find more information about stamp duty and registration fees?

For more information, you can use the stamp duty and registration fee calculator available on our site.