Guideline Value

Corporate

Guideline Value for ALPHA

₹2220/sq.ft.

The guideline value for Alpha in Medavakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2220 per sq.ft, effective 1 July 2024. It was Rs 2010 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Medavakkam

Village

Chennai South Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2220 /sq.ft.
From 1-4-2023 ₹2010 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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]

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Alpha guideline value

The current guideline value of Alpha, located in Medavakkam village under the Chennai South Joint I SRO, is Rs 2,220 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Alpha has changed

In the 2017 revision, the guideline value for Alpha was Rs 2,010 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,010 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,220 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Medavakkam

In Medavakkam, there are 379 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,540 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, positioning Alpha's 2024 figure above this median.

Stamp duty and registration fee for property in Alpha

For a 1,000 sq.ft plot at the current guideline value of Rs 2,220 per sq.ft, the total guideline value amounts to Rs 22,20,000. The stamp duty is charged at 7%, which totals Rs 1,55,400, and the registration fee at 2% amounts to Rs 44,400. Together, these fees total Rs 1,99,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Alpha?

The Sub Registrar Office that covers Alpha 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 Medavakkam

The guideline value is a critical factor in property transactions in Medavakkam. It serves as the minimum value on which stamp duty and registration fees are calculated during the registration process. Buyers and sellers must refer to this value to ensure compliance with legal requirements.

When buying or selling property, it is essential to consider the guideline value as it affects the overall cost of the transaction. The guideline value helps in determining the financial obligations associated with property registration, ensuring that all parties are aware of the costs involved.

Frequently asked questions

What is the current guideline value of Alpha?

The current guideline value of Alpha is Rs 2,220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value increased by 10%. The 2023 revision maintained the 2017 figure of Rs 2,010 per sq.ft, while the 2024 revision raised it to Rs 2,220 per sq.ft.

What are the guideline values for other streets in Medavakkam?

Other streets in Medavakkam have a range of guideline values. For instance, Alli Kuppam Road and Amsavalli Street (Somu Nagar) both have a guideline value of Rs 2,200 per sq.ft, while Annai Indira Nagar has a higher value of Rs 2,750 per sq.ft.

What fees are associated with buying property in Alpha?

When buying property in Alpha, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,99,800.

Where is the Sub Registrar Office for Alpha located?

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