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Guideline Value

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Guideline Value for Alex Nagar A - Colony 1st st ( Ward No.8 )

₹2200/sq.ft.

The guideline value for Alex Nagar A - Colony 1st St ( Ward No.8 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Alex Nagar A - Colony 1st St ( Ward No.8 )

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Alex Nagar A - Colony 1st st ( Ward No.8 ) guideline value

The current guideline value for Alex Nagar A - Colony 1st st ( Ward No.8 ) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Alex Nagar A - Colony 1st st ( Ward No.8 ) has changed

The guideline value for Alex Nagar A - Colony 1st st has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, a significant increase from Rs 1,340 per sq.ft in the 2017 revision. This reflects a change of +64% from 2017 to 2024. In contrast, the value decreased from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, marking a decline of -33%. Overall, comparing the 2012 and 2024 figures, there has been a slight increase of +10%.

The register does not provide figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Madhavaram

In Madhavaram village, the guideline values for 2024 range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Alex Nagar A - Colony 1st st is above this median.

Stamp duty and registration fee for property in Alex Nagar A - Colony 1st st ( Ward No.8 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Alex Nagar A - Colony 1st st ( Ward No.8 )?

The Sub Registrar Office that covers Alex Nagar A - Colony 1st st ( Ward No.8 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It acts as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable fees. This ensures that both the state and the seller receive the appropriate dues based on the property's worth.

Frequently asked questions

What is the current guideline value for Alex Nagar A - Colony 1st st ( Ward No.8 )?

The current guideline value for Alex Nagar A - Colony 1st st ( Ward No.8 ) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. This reflects a +10% overall change from 2012 to 2024.

What is the land classification for Alex Nagar A - Colony 1st st?

The land classification for Alex Nagar A - Colony 1st st ( Ward No.8 ) is Residential Class I Type - I.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000 in fees.

Where is the Sub Registrar Office for this street located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060, covering Alex Nagar A - Colony 1st st ( Ward No.8 ).