Guideline Value

Corporate

Guideline Value for Alagapuri 1st Avenue

₹3550/sq.ft.

The guideline value for Alagapuri 1st Avenue 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 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
044-29510538
[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 1st Avenue

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Alagapuri 1st Avenue guideline value

The current guideline value of Alagapuri 1st Avenue is Rs 3,550 per sq.ft, effective from 1 July 2024. This street 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 1st Avenue has changed

The guideline value for Alagapuri 1st Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which remained unchanged in the next revision in 2017, where it dropped to Rs 2,144 per sq.ft, marking a decrease of 33%. In 2023, the value increased significantly to Rs 3,200 per sq.ft, and the latest revision in 2024 has raised it further to Rs 3,550 per sq.ft, reflecting an increase of 11% from the previous year.

From 2017 to 2023, there was a notable increase of 49%. When considering the overall change from 2012 to 2024, the guideline value has increased by 11%.

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 in this area is Rs 3,100 per sq.ft, placing Alagapuri 1st Avenue's 2024 value above the median.

Stamp duty and registration fee for property in Alagapuri 1st Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,550 per sq.ft, the total guideline value amounts to Rs 35,50,000. The stamp duty, charged at 7%, would be Rs 2,48,500, and the registration fee at 2% would be Rs 71,000, making the total cost for these fees 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.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Alagapuri 1st Avenue?

The Sub Registrar Office that covers Alagapuri 1st Avenue 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 further assistance.

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. It is used to determine the amount of stamp duty and registration fees that need to be paid when a property is bought or sold. This value is set by the government and is updated periodically to reflect changes in the real estate market.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alagapuri 1st Avenue?

The current guideline value of Alagapuri 1st Avenue 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 from Rs 3,200 per sq.ft in 2023 to Rs 3,550 per sq.ft in 2024, an increase of 11%. The value was Rs 2,144 per sq.ft in 2017, showing a significant rise of 49% to 2023.

What is the land classification of Alagapuri 1st Avenue?

Alagapuri 1st Avenue is classified as Residential Class I Type - II, indicating its designation for residential development.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Alagapuri 1st Avenue is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2%.

Where can I find the Sub Registrar Office for Alagapuri 1st Avenue?

The Sub Registrar Office for Alagapuri 1st Avenue is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO online for more information.