Guideline Value

Corporate

Guideline Value for A.L.S Nagar 1st Main Road

₹2750/sq.ft.

The guideline value for A.l.s Nagar 1st Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
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.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on A.l.s Nagar 1st Main Road

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A.L.S Nagar 1st Main Road guideline value

The current guideline value of A.L.S Nagar 1st Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of A.L.S Nagar 1st Main Road has changed

The guideline value for A.L.S Nagar 1st Main Road has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, which represents a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded guideline values for A.L.S Nagar 1st Main Road in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing A.L.S Nagar 1st Main Road above this median.

Stamp duty and registration fee for property in A.L.S Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, resulting in a total of Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on calculating these fees.

Which Sub Registrar Office covers A.L.S Nagar 1st Main Road?

The Sub Registrar Office that covers A.L.S Nagar 1st Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the property registration process in Madambakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated fairly based on the official rates set by the registration department.

It is crucial for buyers and sellers to be aware of the guideline value, as it may influence the overall transaction costs. Proper understanding of these values can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of A.L.S Nagar 1st Main Road?

The current guideline value of A.L.S Nagar 1st Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for A.L.S Nagar 1st Main Road?

A.L.S Nagar 1st Main Road is classified as Commercial Class I Type - I.

What are the registration fees for property in A.L.S Nagar 1st Main Road?

The registration fees include a stamp duty of 7% and a registration fee of 2% on the guideline value. For example, on a 1,000 sq.ft plot, the total fees would be Rs 2,47,500.

Which Sub Registrar Office covers A.L.S Nagar 1st Main Road?

The Selaiyur Sub Registrar Office covers A.L.S Nagar 1st Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.