Guideline Value for AGS NAGAR

Ags Nagar guideline value

The current guideline value of Ags Nagar, located in Vallur village under the Thiruvottiyur SRO, is Rs 220 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ags Nagar has changed

In the 2017 revision, the guideline value was set at Rs 134 per sq.ft. This figure increased significantly to Rs 200 per sq.ft in the 2023 revision, marking a 49% rise. The current guideline value of Rs 220 per sq.ft in the 2024 revision reflects a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallur

Within Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft, with the median value being Rs 220 per sq.ft. Ags Nagar's 2024 guideline value aligns with this median.

• A.G.L. Nagar: Rs 220 per sq.ft (2024)
• Alamelu Nagar: Rs 220 per sq.ft (2024)
• Adiparasakthi Nagar: Rs 220 per sq.ft (2024)
• Angalaamman Nagar: Rs 330 per sq.ft (2024)
• Annai Rathinamani Avenue/ Nagar: Rs 220 per sq.ft (2024)
• Aringnar Anna Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Ags Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, while the registration fee at 2% would be Rs 4,400, resulting in a total cost of Rs 19,800. It is crucial to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ags Nagar?

The Sub Registrar Office that covers Ags Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Vallur. It determines the basis for calculating stamp duty and registration fees that must be paid at the time of registration.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue from property sales, reflecting the value of the property as per the current standards set by the registration department.

Frequently asked questions

What is the current guideline value of Ags Nagar?

The current guideline value of Ags Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 220 per sq.ft, which is an overall increase of 64% over this period.

What are the stamp duty and registration fees for a property in Ags Nagar?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400, and the registration fee would be Rs 4,400, totaling Rs 19,800.

Which office handles property registrations in Ags Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations for Ags Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value determined for properties in Vallur?

The guideline value for properties in Vallur is determined by the Registration Department and is based on various factors, including land classification and market conditions, ensuring proper revenue collection during property transactions.