Guideline Value

Corporate

Guideline Value for ALANKAR NAGAR 1ST STREET

₹1660/sq.ft.

The guideline value for Alankar Nagar 1st Street in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1660 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1660 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Alankar Nagar 1st Street

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Alankar Nagar 1st Street guideline value

The current guideline value of Alankar Nagar 1st Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Alankar Nagar 1st Street has changed

The guideline value for Alankar Nagar 1st Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 1,500 per sq.ft. This figure remained the same in the subsequent revision in 2017, which saw a decrease of 33% to Rs 1,005 per sq.ft. In 2023, the value increased significantly to Rs 1,500 per sq.ft, and then further rose to Rs 1,660 per sq.ft in 2024, marking an increase of 11% from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median value is Rs 1,660 per sq.ft, which is the same as the guideline value for Alankar Nagar 1st Street.

Stamp duty and registration fee for property in Alankar Nagar 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 1,660 per sq.ft, the guideline value would be Rs 16,60,000. The stamp duty at 7% would be Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, totaling Rs 1,49,400. 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 details.

Which Sub Registrar Office covers Alankar Nagar 1st Street?

The Sub Registrar Office that covers Alankar Nagar 1st Street is the Chennai South Joint I 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 Vanagaram

The guideline value is an essential factor in property transactions in Vanagaram. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alankar Nagar 1st Street?

The current guideline value of Alankar Nagar 1st Street is Rs 1,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 1,500 per sq.ft in 2012 to Rs 1,660 per sq.ft in 2024, marking an overall increase of 11% from 2012 to 2024.

What is the stamp duty for property in Alankar Nagar 1st Street?

The stamp duty for property in Alankar Nagar 1st Street is calculated at 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 16,60,000, the stamp duty would be Rs 1,16,200.

Which office handles registrations for Alankar Nagar 1st Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Alankar Nagar 1st Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Alankar Nagar 1st Street?

The land classification for Alankar Nagar 1st Street is Residential Class III Type - I, which indicates the type of residential development permitted in this area.