Guideline Value for A.G.S.STAFF COLONY

A.G.S.Staff Colony guideline value

The current guideline value of A.G.S.Staff Colony, located in Nemilicherry village under the Pallavaram SRO, is Rs 2,420 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

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

In the 2012 revision, the guideline value was set at Rs 2,200 per sq.ft. This figure saw a decline to Rs 2,000 per sq.ft in the 2023 revision, marking a decrease of 9%. However, the current 2024 revision has increased the guideline value to Rs 2,420 per sq.ft, representing a rise of 21% from the previous year.

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

Guideline values in Nemilicherry

In Nemilicherry, there are 172 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,160 per sq.ft, and A.G.S.Staff Colony's 2024 figure is above this median.

• A.G.S. Colony: Rs 2,420 per sq.ft (2024)
• Agastheesvarar Nagar: Rs 2,750 per sq.ft (2024)
• Alamaram Street: Rs 2,420 per sq.ft (2024)
• Abirami Nagar: Rs 2,160 per sq.ft (2024)
• Amaravathi Street: Rs 1,100 per sq.ft (2024)
• Ambedkar Nagar: Rs 2,160 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total fees together to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers A.G.S.Staff Colony is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nemilicherry. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives due revenue from property transactions.

When buying or selling property, the guideline value helps in determining the official value of the property, which can affect the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

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

The current guideline value of A.G.S.Staff Colony is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 2,000 per sq.ft in 2023, and then increased to Rs 2,420 per sq.ft in 2024.

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

A.G.S.Staff Colony is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for A.G.S.Staff Colony?

The Sub Registrar Office for A.G.S.Staff Colony is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for property in A.G.S.Staff Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 24,20,000 would incur a stamp duty of Rs 1,69,400 at 7%.