Guideline Value

Corporate

Guideline Value for Agasthiyar Ashramam

₹3850/sq.ft.

The guideline value for Agasthiyar Ashramam in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
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 Agasthiyar Ashramam

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Agasthiyar Ashramam guideline value

The current guideline value of Agasthiyar Ashramam is Rs 3,850 per sq.ft, effective from 1 July 2024. This property is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Agasthiyar Ashramam has changed

Over the years, the guideline value of Agasthiyar Ashramam has seen significant changes. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023 and is currently set at Rs 3,850 per sq.ft for 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The 2023 to 2024 revision saw a 10% increase. Overall, from 2007 to 2024, the guideline value has risen by 157%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Agasthiyar Ashramam is below this median.

Stamp duty and registration fee for property in Agasthiyar Ashramam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost for these fees Rs 3,46,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agasthiyar Ashramam?

The Sub Registrar Office covering Agasthiyar Ashramam is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is an important factor during property registration in Velachery. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the transaction, as the duty is charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Agasthiyar Ashramam?

The current guideline value of Agasthiyar Ashramam is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, with several revisions in between. The most significant increase occurred between 2007 and 2012, where it rose by 133%.

What is the classification of land in Agasthiyar Ashramam?

The land in Agasthiyar Ashramam is classified as Residential Class II Type - III, which indicates its intended use for residential purposes.

How do I calculate stamp duty for a property in Agasthiyar Ashramam?

To calculate stamp duty, you can use the guideline value of the property. For example, for a plot valued at Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500.

Where is the Sub Registrar Office for Agasthiyar Ashramam located?

The Sub Registrar Office for Agasthiyar Ashramam is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.