Guideline Value for A.G.S.Colony

A.G.S.Colony guideline value

The current guideline value of A.G.S.Colony, located in Mogalivakkam village under the Kunrathur SRO, is Rs 2,530 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

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

The guideline value of A.G.S.Colony has seen several revisions over the years. In the 2007 revision, the value was set at Rs 750 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 1,541 per sq.ft. The 2023 revision marked another increase to Rs 2,300 per sq.ft, and the latest 2024 revision has raised it to Rs 2,530 per sq.ft. Notably, the register has no figures for the years 2002 and 2003 for this street.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 207%, while it decreased by 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, it saw a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 237%.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft, with a median value of Rs 2,970 per sq.ft. A.G.S.Colony's 2024 figure is below this median.

• Agathiswaran Koil Street: Rs 2,530 per sq.ft (2024)
• Air India Colony: Rs 2,860 per sq.ft (2024)
• Adhikesava Thillai Nagar: Rs 3,520 per sq.ft (2024)
• Amman Koil Street: Rs 2,860 per sq.ft (2024)
• Ananda Nagar: Rs 2,860 per sq.ft (2024)
• Annai Kamala Street: Rs 2,860 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 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. 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 information.

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

The Sub Registrar Office that covers A.G.S.Colony is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mogalivakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property 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 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 237% over this period.

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

The land classification for A.G.S.Colony is Residential Special Type - III.

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

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which office handles property registrations for A.G.S.Colony?

The Kunrathur Sub Registrar Office handles property registrations for A.G.S.Colony, located at No.59, Road Street, Kundrathur, Chennai -600 069.