Guideline Value

Corporate

Guideline Value for A.L.S. Nagar 1st Street

₹2750/sq.ft.

The guideline value for A.l.s. Nagar 1st Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
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 Street

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A.L.S. Nagar 1st Street guideline value

The current guideline value of A.L.S. Nagar 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street 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 Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This was the last recorded figure before the 2024 revision, which increased the guideline value to Rs 2,750 per sq.ft, marking a change of +10% from the 2012 figure. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only revisions that have a recorded figure for A.L.S. Nagar 1st Street are from 2012 and 2024. The increase in the guideline value reflects the changes made in the latest revision, which is now effective from July 2024.

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 Street's 2024 figure above that median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

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

The A.L.S. Nagar 1st Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the 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 minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is taken into account for calculating stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, which is a change of +10%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value for streets in Madambakkam?

The median guideline value for the 1,151 streets in Madambakkam under the Selaiyur SRO is Rs 2,400 per sq.ft. A.L.S. Nagar 1st Street's 2024 figure is above this median.

How is stamp duty calculated for properties in A.L.S. Nagar 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,92,500 based on the current guideline value.

Where can I find the Sub Registrar Office for A.L.S. Nagar 1st Street?

The Selaiyur Sub Registrar Office covers A.L.S. Nagar 1st Street and is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.