Guideline Value

Corporate

Guideline Value for ALAGAPURI NAGAR

₹3550/sq.ft.

The guideline value for Alagapuri Nagar in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3550 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3550 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹346 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹280 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Alagapuri Nagar

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Alagapuri Nagar guideline value

The current guideline value of Alagapuri Nagar is Rs 3,550 per sq.ft, effective from 1 July 2024. This area is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Alagapuri Nagar has changed

The guideline value of Alagapuri Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 280 per sq.ft, which increased to Rs 346 per sq.ft in 2003, marking a 24% rise. The value then continued to rise, reaching Rs 900 per sq.ft in 2007, a substantial increase of 160%. Following this, the value surged to Rs 3,200 per sq.ft in 2012, reflecting a 256% increase from the previous revision. However, there was a decline to Rs 2,144 per sq.ft in 2017, which was a decrease of 33%.

From 2017 to 2023, the guideline value rose significantly to Rs 3,200 per sq.ft, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,550 per sq.ft, which is an 11% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 1168%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 3,100 per sq.ft, placing Alagapuri Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in Alagapuri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,550 per sq.ft, the total guideline value would be Rs 35,50,000. The stamp duty at 7% would amount to Rs 2,48,500, and the registration fee at 2% would be Rs 71,000. Together, the total cost for these fees would be Rs 3,19,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alagapuri Nagar?

The Sub Registrar Office that covers Alagapuri Nagar is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ramapuram. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are calculated based on a standardized value set by the government, providing transparency in the transaction process.

Additionally, the guideline value is essential for property registration as it establishes the minimum value for which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Alagapuri Nagar?

The current guideline value of Alagapuri Nagar is Rs 3,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 280 per sq.ft in 2002 to Rs 3,550 per sq.ft in 2024, reflecting an overall increase of 1168% over this period.

What is the land classification of Alagapuri Nagar?

Alagapuri Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the registration fees for property in Alagapuri Nagar?

The registration fees for property transactions in Alagapuri Nagar are based on the guideline value, with a stamp duty of 7% and a registration fee of 2% applicable to the value of the property.

Where can I find the Sub Registrar Office for Alagapuri Nagar?

The Sub Registrar Office for Alagapuri Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find more details online.