Guideline Value

Corporate

Guideline Value for Alagapuri 2nd Main Road

₹3550/sq.ft.

The guideline value for Alagapuri 2nd 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 2nd Main Road

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Alagapuri 2nd Main Road guideline value

The current guideline value of Alagapuri 2nd Main Road is Rs 3,550 per sq.ft, effective from 1 July 2024. This road is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Alagapuri 2nd Main Road has changed

The guideline value for Alagapuri 2nd Main Road has seen several revisions over the years. In 2012, the value was Rs 3,200 per sq.ft, which then decreased to Rs 2,144 per sq.ft in 2017. The value increased significantly to Rs 3,200 per sq.ft in 2023, and further rose to the current rate of Rs 3,550 per sq.ft in 2024, marking an 11% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the current 2024 figure, there has been an 11% increase. The revisions for the years 2002, 2003, and 2007 do not have figures available for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 3,100 per sq.ft, placing Alagapuri 2nd Main Road's current value above this median.

Stamp duty and registration fee for property in Alagapuri 2nd 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 would be Rs 35,50,000. The stamp duty at 7% would amount to 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.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alagapuri 2nd Main Road?

The Sub Registrar Office that covers Alagapuri 2nd 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 is a crucial factor during property registration in Ramapuram. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration process.

When a property is sold, the guideline value acts as a benchmark for calculating the fees. It is essential for both parties to understand that the duty is charged on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Alagapuri 2nd Main Road?

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

What is the land classification for Alagapuri 2nd Main Road?

The land classification for Alagapuri 2nd Main Road is Residential Class I Type - II.

What is the median guideline value for streets in Ramapuram?

The median guideline value for the 394 streets in Ramapuram is Rs 3,100 per sq.ft, with Alagapuri 2nd Main Road's value being above this median.

Where can I find the Sub Registrar Office for Alagapuri 2nd Main Road?

The Sub Registrar Office for Alagapuri 2nd Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.