Guideline Value

Corporate

Guideline Value for A.L.S Nagar 4th Main Road

₹2750/sq.ft.

The guideline value for A.l.s Nagar 4th 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 4th Main Road

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A.L.S Nagar 4th Main Road guideline value

The current guideline value of A.L.S Nagar 4th Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of A.L.S Nagar 4th Main Road has changed

The guideline value for A.L.S Nagar 4th Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,750 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The 2023 to 2024 revision reflects a 10% increase. 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 value for these streets is Rs 2,400 per sq.ft, placing A.L.S Nagar 4th Main Road above this median.

Stamp duty and registration fee for property in A.L.S Nagar 4th 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 amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total fees together Rs 2,47,500. Duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.L.S Nagar 4th Main Road?

The Sub Registrar Office that covers A.L.S Nagar 4th 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, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Madambakkam. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers must be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value helps in establishing a fair price for taxation purposes. It is essential for both buyers and sellers to understand the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of A.L.S Nagar 4th Main Road?

The current guideline value of A.L.S Nagar 4th 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 several times, starting from Rs 2,500 per sq.ft in 2012, decreasing to Rs 1,675 per sq.ft in 2017, and then increasing to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 2,750 per sq.ft.

What is the land classification for A.L.S Nagar 4th Main Road?

The land classification for A.L.S Nagar 4th Main Road is Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at 7%, and the registration fee would be Rs 55,000 at 2%, totaling Rs 2,47,500 in fees.

Which Sub Registrar Office covers A.L.S Nagar 4th Main Road?

The Selaiyur Sub Registrar Office covers A.L.S Nagar 4th Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.