Guideline Value

Corporate

Guideline Value for A.G.S.Colony (Others)

₹4950/sq.ft.

The guideline value for A.g.s.colony (others) in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹436 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹401 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 (others)

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A.G.S.Colony (Others) guideline value

The current guideline value for A.G.S.Colony (Others) is Rs 4,950 per sq.ft, effective from 1 July 2024. This area is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

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

The guideline value for A.G.S.Colony (Others) has seen several revisions over the years. In 2002, the value was Rs 401 per sq.ft, which increased to Rs 436 per sq.ft in 2003, marking a change of +9%. The value then rose significantly to Rs 750 per sq.ft in 2007, reflecting a +72% increase. Following this, the guideline value jumped to Rs 4,500 per sq.ft in 2012, which represented a substantial +500% increase. However, it decreased to Rs 3,015 per sq.ft in 2017, showing a decline of -33%. The value then increased to Rs 4,500 per sq.ft in 2023, and finally to the current figure of Rs 4,950 per sq.ft in 2024, which is a +10% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1134%. The register has no figure for the years not mentioned in the revisions.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value is Rs 3,850 per sq.ft, placing A.G.S.Colony (Others) above this median with its current rate of Rs 4,950 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, totaling Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers A.G.S.Colony (Others)?

The A.G.S.Colony (Others) area is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold or purchased, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for A.G.S.Colony (Others)?

The current guideline value for A.G.S.Colony (Others) is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 401 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of +1134% over this period.

What are the other streets in Valasaravakkam with similar guideline values?

Other streets in Valasaravakkam with a guideline value of Rs 4,950 per sq.ft in 2024 include A.G.S.Colony Main Road, A.G.S.Colony Cross Street, and A.G.S.Office Colony - Thilagar Street.

What fees are involved when registering a property in A.G.S.Colony (Others)?

When registering a property in A.G.S.Colony (Others), the total fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for A.G.S.Colony (Others) located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.