Guideline Value for A.G.S.Office Colony - Thilagar Street

A.G.S.Office Colony - Thilagar Street guideline value

The current guideline value for A.G.S.Office Colony - Thilagar 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 is classified as Residential Class I Type - I.

How the guideline value of A.G.S.Office Colony - Thilagar Street has changed

Over the years, the guideline value for A.G.S.Office Colony - Thilagar Street has seen significant changes. The earliest recorded figure is from 2003, where the value was Rs 620 per sq.ft. This increased to Rs 750 per sq.ft in 2007, marking a rise of 21%. The value remained unchanged at Rs 4,500 per sq.ft from 2012 until 2023. Following the 2023 revision, the guideline value increased by 10% to Rs 4,950 per sq.ft in 2024.

There are no recorded figures for the years 2002 and 2017 for this street. Overall, from 2003 to 2024, the guideline value has increased by 698%, reflecting substantial growth over the two decades.

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.Office Colony - Thilagar Street above this median.

• A.G.S.Colony (Others): Rs 4,950 per sq.ft (2024)
• A.G.S.Colony Main Road (Plot Nos. 50 to 66): Rs 4,950 per sq.ft (2024)
• A.G.S.Colony Cross 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.Office Colony - Thilagar Street

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, charged at 7%, would be Rs 3,46,500, while the registration fee at 2% would be Rs 99,000, bringing the total fees together 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.

For more information on calculating your fees, you can use the stamp duty and registration fee calculator.

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

The A.G.S.Office Colony - Thilagar Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value influences the stamp duty and registration fees applicable during the transaction.

When a property is bought or sold, the registration office uses the guideline value to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for A.G.S.Office Colony - Thilagar Street?

The current guideline value for A.G.S.Office Colony - Thilagar Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 620 per sq.ft to Rs 4,950 per sq.ft in 2024, reflecting a total increase of 698% over this period.

What is the stamp duty for property in A.G.S.Office Colony - Thilagar Street?

The stamp duty for property in A.G.S.Office Colony - Thilagar Street is charged at 7% of the guideline value or sale price, whichever is higher.

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

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

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

Other streets in Valasaravakkam include A.G.S.Colony (Others), A.G.S.Colony Main Road, and A.G.S.Colony Cross Street, all valued at Rs 4,950 per sq.ft, while Ajay Street is valued at Rs 3,300 per sq.ft.