Guideline Value

Corporate

Guideline Value for Alagapuri 1st Main Road

₹3550/sq.ft.

The guideline value for Alagapuri 1st Main Road 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 Main Road

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Alagapuri 1st Main Road guideline value

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

The guideline value for Alagapuri 1st Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was followed by a decrease to Rs 2,144 per sq.ft in 2017. In 2023, the value increased to Rs 3,200 per sq.ft again, and the latest revision in 2024 has established it at Rs 3,550 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 reflects an increase of 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, with a median value of Rs 3,100 per sq.ft. The guideline value of Alagapuri 1st Main Road is above this median.

Stamp duty and registration fee for property in Alagapuri 1st Main Road

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 at 7% would be Rs 2,48,500, and the registration fee at 2% would be Rs 71,000, totaling Rs 3,19,500. 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 1st Main Road?

The Sub Registrar Office that covers Alagapuri 1st Main Road 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, Chennai registration zone. 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 during the registration of property transactions in Ramapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction is processed in accordance with legal requirements.

Frequently asked questions

What is the current guideline value of Alagapuri 1st Main Road?

The current guideline value of Alagapuri 1st Main Road 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 several times, starting from Rs 3,200 per sq.ft in 2012, decreasing to Rs 2,144 per sq.ft in 2017, and then increasing to Rs 3,200 per sq.ft in 2023. The latest revision in 2024 set it at Rs 3,550 per sq.ft.

What is the land classification for Alagapuri 1st Main Road?

Alagapuri 1st Main Road is classified as Residential Class I Type - II.

What are the stamp duty rates applicable for property transactions?

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

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

The Sub Registrar Office for Alagapuri 1st Main Road 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.