Guideline Value for A.G.S.COLONY

A.G.S.Colony guideline value

The current guideline value of A.G.S.Colony, located in Pallikaranai village under the Chennai South Joint I SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II 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 the 2007 revision, the value was Rs 1,000 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a 100% rise. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a 10% increase from the previous figure.

There are no figures available for the revisions in the years 2002, 2003, 2017, and 2023 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing A.G.S.Colony's 2024 figure above this median.

• Agnilium Nagar: Rs 1,320 per sq.ft (2024)
• Agathiar Street: Rs 1,320 per sq.ft (2024)
• Adthavan Nagar: Rs 1,650 per sq.ft (2024)
• Adipuriswarar Koil Street: Rs 1,650 per sq.ft (2024)
• Adipuriswarar 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Adipuriswarar 1st Cross Street: Rs 1,650 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

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

A.G.S.Colony falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallikaranai. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees.

When a property transaction occurs, the guideline value ensures that the sale price reflects the prevailing market conditions. This helps maintain transparency in property transactions and ensures that the government receives appropriate revenue from stamp duties.

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 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, and then to Rs 2,200 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2017, and 2023.

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

The land classification for A.G.S.Colony is Residential Class II Type - I.

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, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

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

A.G.S.Colony is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.