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Guideline Value

Corporate

Guideline Value for Beach AGS Colony 1st Cross St

₹3900/sq.ft.

The guideline value for Beach Ags Colony 1st Cross St in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3900 /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 ₹2000 /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.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 Beach Ags Colony 1st Cross St

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Beach AGS Colony 1st Cross St guideline value

The current guideline value for Beach AGS Colony 1st Cross St is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Beach AGS Colony 1st Cross St has changed

Over the years, the guideline value for Beach AGS Colony 1st Cross St has seen significant changes. The 2007 revision recorded a value of Rs 2,000 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, this was followed by a decrease to Rs 2,345 per sq.ft in 2017. The value then rose sharply to Rs 3,500 per sq.ft in 2023, and further increased to the current Rs 3,900 per sq.ft in 2024, marking an 11% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%, while the jump from 2012 to 2017 was a decrease of 33%. Notably, from 2007 to 2012, there was a 75% increase. Overall, from 2007 to 2024, the guideline value has increased by 95%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which aligns with the current value for Beach AGS Colony 1st Cross St.

Stamp duty and registration fee for property in Beach AGS Colony 1st Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Beach AGS Colony 1st Cross St?

The Beach AGS Colony 1st Cross St falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kottivakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling a property. This value is essential for both buyers and sellers to understand the financial implications of their property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Beach AGS Colony 1st Cross St?

The current guideline value for Beach AGS Colony 1st Cross St is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 2,000 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for Beach AGS Colony 1st Cross St?

The land classification for Beach AGS Colony 1st Cross St is Residential Class II Type - I.

Which office handles registrations for Beach AGS Colony 1st Cross St?

The Adayar Sub Registrar Office handles registrations for Beach AGS Colony 1st Cross St, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kottivakkam?

Stamp duty for properties in Kottivakkam is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.