Guideline Value

Corporate

Guideline Value for ALANKAR NAGAR

₹1660/sq.ft.

The guideline value for Alankar Nagar 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 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹108 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹94 /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
044-29510536
[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

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Alankar Nagar guideline value

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

How the guideline value of Alankar Nagar has changed

The guideline value for Alankar Nagar has seen several revisions over the years. In 2002, the value was Rs 94 per sq.ft, which increased to Rs 108 per sq.ft in 2003. Following this, there was a significant rise to Rs 300 per sq.ft in 2007. The value then jumped to Rs 1,500 per sq.ft in 2012, but experienced a decrease to Rs 1,005 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,660 per sq.ft in 2024.

Looking at the changes, from 2017 to 2023, the value increased by 49%. The jump from 2007 to 2012 was a remarkable 400%. However, the value dropped by 33% from 2012 to 2017. Overall, from 2002 to 2024, the guideline value has increased by 1666%.

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 equal to the current guideline value of Alankar Nagar.

Stamp duty and registration fee for property in Alankar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,660 per sq.ft, the total guideline value amounts to Rs 16,60,000. The stamp duty, charged at 7%, would be Rs 1,16,200, and the registration fee at 2% would be Rs 33,200. Together, the total cost for stamp duty and registration fee would be Rs 1,49,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alankar Nagar?

The Sub Registrar Office that covers Alankar Nagar 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vanagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately according to government standards.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures that all legal obligations are met, and the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Alankar Nagar?

The current guideline value of Alankar Nagar 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 changed significantly, from Rs 94 per sq.ft in 2002 to Rs 1,660 per sq.ft in 2024, reflecting an overall increase of 1666% over the years.

What is the land classification of Alankar Nagar?

Alankar Nagar is classified as Residential Class III Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for Alankar Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Alankar Nagar?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property with a guideline value of Rs 16,60,000 would incur a stamp duty of Rs 1,16,200 at a rate of 7%.