Guideline Value for A.G.S.Colony Cross Street

A.G.S.Colony Cross Street guideline value

The current guideline value of A.G.S.Colony Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO and falls under the Residential Class I Type - I land classification.

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

The guideline value for A.G.S.Colony Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value was still Rs 4,500 per sq.ft, but in the 2024 revision, it increased to Rs 4,950 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, and A.G.S.Colony Cross Street's 2024 figure is above that median.

• A.G.S.Colony Main Road (Plot Nos. 50 to 66): Rs 4,950 per sq.ft (2024)
• A.G.S.Colony (Others): Rs 4,950 per sq.ft (2024)
• A.G.S.Office Colony - Thilagar Street: Rs 4,950 per sq.ft (2024)
• Ajay Street: Rs 3,300 per sq.ft (2024)
• A.K.R.Nagar: Rs 3,850 per sq.ft (2024)
• A.K.R.Nagar 10th Cross street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in A.G.S.Colony Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total cost for these fees Rs 4,45,500. It is important to note that the 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 more accurate calculations based on your specific property details.

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

The Sub Registrar Office that covers A.G.S.Colony Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.G.S.Colony Cross Street?

The current guideline value of A.G.S.Colony Cross Street 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 remained at Rs 4,500 per sq.ft from 2012 to 2023, before increasing to Rs 4,950 per sq.ft in 2024. Overall, the increase from 2012 to 2024 is 10%.

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

Other streets in Valasaravakkam include A.G.S.Colony Main Road, A.G.S.Colony (Others), A.G.S.Office Colony - Thilagar Street, Ajay Street, A.K.R.Nagar, and A.K.R.Nagar 10th Cross street, with values ranging from Rs 3,300 to Rs 4,950 per sq.ft in 2024.

What is the registration fee for property in A.G.S.Colony Cross Street?

The registration fee is calculated based on the guideline value. For a property valued at Rs 49,50,000, the registration fee would be Rs 99,000, which is 2% of the guideline value.

Where is the Sub Registrar Office located for A.G.S.Colony Cross Street?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037, and it covers A.G.S.Colony Cross Street.