Guideline Value

Corporate

Guideline Value for Alagapuri 2nd Avenue

₹3550/sq.ft.

The guideline value for Alagapuri 2nd 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 2nd Avenue

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Alagapuri 2nd Avenue guideline value

The current guideline value of Alagapuri 2nd 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 2nd Avenue has changed

Over the years, the guideline value of Alagapuri 2nd Avenue has seen several revisions. In 2012, the guideline value was set at Rs 3,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 2,144 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 3,200 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 3,550 per sq.ft, representing an 11% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, 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 2nd Avenue's 2024 figure above that median.

Stamp duty and registration fee for property in Alagapuri 2nd 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 at 7% would be Rs 2,48,500, and the registration fee at 2% would be Rs 71,000, bringing the total to 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.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alagapuri 2nd Avenue?

The Sub Registrar Office that covers Alagapuri 2nd 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 more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during a transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Alagapuri 2nd Avenue?

The current guideline value of Alagapuri 2nd 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 2012 to Rs 2,144 per sq.ft in 2017, then back to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,550 per sq.ft in 2024.

What are the other streets in Ramapuram with the same guideline value?

Other streets in Ramapuram that share the same guideline value of Rs 3,550 per sq.ft include Alagapuri 1st Main Road, Alagapuri 2nd Main Road, Alagapuri 1st Avenue, Alagapuri 3rd Avenue, Alagapuri 4th Avenue, and Alagapuri 5th Avenue.

What are the stamp duty and registration fees for property in Alagapuri 2nd Avenue?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 3,19,500.

Which office handles the registration for Alagapuri 2nd Avenue?

The registration for Alagapuri 2nd Avenue is handled by 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.