Guideline Value

Corporate

Guideline Value for A.G.S.Officers Colony, First Main Road

₹4400/sq.ft.

The guideline value for A.g.s.officers Colony, First Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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.officers Colony, First Main Road

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A.G.S.Officers Colony, First Main Road guideline value

The current guideline value of A.G.S.Officers Colony, First Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Velachery village and falls under the Velacheri SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of A.G.S.Officers Colony, First Main Road has changed

The guideline value for A.G.S.Officers Colony, First Main Road has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 4,000 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 2,680 per sq.ft, marking a significant increase of 49% to the 2023 figure. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, the guideline value has increased by 64% from the 2017 revision to the current 2024 figure. This steady rise indicates a consistent adjustment in the valuation of properties in this locality.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a guideline value for 2024, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which matches the current guideline value of A.G.S.Officers Colony, First Main Road.

Stamp duty and registration fee for property in A.G.S.Officers Colony, First Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The A.G.S.Officers Colony, First Main Road falls under the jurisdiction of the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that these costs are calculated fairly based on the property's assessed value.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two figures is used to calculate the applicable duties. This ensures that the revenue collected through stamp duty and registration fees is based on the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of A.G.S.Officers Colony, First Main Road?

The current guideline value of A.G.S.Officers Colony, First Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000. The stamp duty at 7% is Rs 3,08,000, and the registration fee at 2% is Rs 88,000, totaling Rs 3,96,000.

Which office handles property registration for A.G.S.Officers Colony?

The Velacheri Sub Registrar Office handles property registration for A.G.S.Officers Colony, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

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

The land classification for A.G.S.Officers Colony, First Main Road is Residential Class II Type - II.