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Guideline Value

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Guideline Value for A.G.S.Colony Main Road (Plot Nos. 50 to 66)

₹4950/sq.ft.

The guideline value for A.g.s.colony Main Road (plot Nos. 50 To 66) 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 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹479 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹440 /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 Main Road (plot Nos. 50 To 66)

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A.G.S.Colony Main Road (Plot Nos. 50 to 66) guideline value

The current guideline value for A.G.S.Colony Main Road (Plot Nos. 50 to 66) is Rs 4,950 per sq.ft. This property 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 Main Road (Plot Nos. 50 to 66) has changed

The guideline value for A.G.S.Colony Main Road has undergone several revisions over the years. In 2002, the value was Rs 440 per sq.ft, which increased to Rs 479 per sq.ft in 2003, marking a 9% rise. The value saw a significant increase of 67% to reach Rs 800 per sq.ft in 2007. Following this, the 2012 revision set the value at Rs 4,500 per sq.ft, reflecting a notable increase of 463% from the previous revision. However, in 2017, the value decreased to Rs 3,015 per sq.ft, a drop of 33%.

From 2017 to 2023, there was a substantial increase of 49%, bringing the guideline value to Rs 4,500 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 4,950 per sq.ft, which is a 10% increase from the previous year. The register has no figures for this street for any other years.

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, with a median value of Rs 3,850 per sq.ft. A.G.S.Colony Main Road's 2024 figure is above this median.

Stamp duty and registration fee for property in A.G.S.Colony Main Road (Plot Nos. 50 to 66)

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, bringing the total cost to 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.

Which Sub Registrar Office covers A.G.S.Colony Main Road (Plot Nos. 50 to 66)?

The A.G.S.Colony Main Road (Plot Nos. 50 to 66) falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the Registration Department. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value for A.G.S.Colony Main Road?

The current guideline value for A.G.S.Colony Main Road (Plot Nos. 50 to 66) 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 440 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 1025% over the years.

What are the stamp duty and registration fees for property in A.G.S.Colony Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 49,50,000, resulting in a stamp duty of Rs 3,46,500 and a registration fee of Rs 99,000, totaling Rs 4,45,500.

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

The Virugambakkam Sub Registrar Office covers A.G.S.Colony Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

A.G.S.Colony Main Road is classified as Residential Class I Type - I, which indicates its intended use for residential purposes.