Guideline Value

Corporate

Guideline Value for Alagapuri 3rd Avenue

₹3550/sq.ft.

The guideline value for Alagapuri 3rd 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 3rd Avenue

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Alagapuri 3rd Avenue guideline value

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

The guideline value for Alagapuri 3rd Avenue has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 3,200 per sq.ft. This value remained the same in the next revision in 2017, but then it decreased to Rs 2,144 per sq.ft. In 2023, the value increased significantly to Rs 3,200 per sq.ft, and the latest revision in 2024 has set it at Rs 3,550 per sq.ft.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The change from 2023 to 2024 reflects an increase of 11%. 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, positioning Alagapuri 3rd Avenue's 2024 figure above that median.

Stamp duty and registration fee for property in Alagapuri 3rd 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 cost together 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 accurate calculations.

Which Sub Registrar Office covers Alagapuri 3rd Avenue?

The Sub Registrar Office that covers Alagapuri 3rd 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 plays a crucial role when buying or selling property in Ramapuram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during property transactions. Buyers must ensure they are aware of the current guideline value to avoid any discrepancies in the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable stamp duty. This ensures that all transactions are conducted in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Alagapuri 3rd Avenue?

The current guideline value of Alagapuri 3rd 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 increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,550 per sq.ft in 2024.

What is the registration office for Alagapuri 3rd Avenue?

The registration office for Alagapuri 3rd 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.

What are the stamp duty and registration fees for properties in Alagapuri 3rd Avenue?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total guideline value is Rs 35,50,000, leading to a stamp duty of Rs 2,48,500 and a registration fee of Rs 71,000.

Where can I find more information about the guideline values in Ramapuram?

For more information about guideline values in Ramapuram, you can refer to the Registration Department's guideline value register or check the specific values for other streets in Ramapuram.