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Guideline Value

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

₹2200/sq.ft.

The guideline value for Alex Nagar A - Colony Kannadasan 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 Kannadasan St ( Ward No.8 )

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

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

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

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure saw a decrease in the 2017 revision, where it dropped to Rs 1,340 per sq.ft, marking a decline of 33%. However, the 2024 revision has seen a significant increase, bringing the guideline value back up to Rs 2,200 per sq.ft, which is an increase of 64% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, making the current guideline value for Alex Nagar A - Colony Kannadasan st ( Ward No.8 ) above this median.

Stamp duty and registration fee for property in Alex Nagar A - Colony Kannadasan 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, bringing the total to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers Alex Nagar A - Colony Kannadasan st ( Ward No.8 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in property transactions in Madhavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for Alex Nagar A - Colony Kannadasan 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 seen various changes, with the most recent increase from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

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

Several other streets in Madhavaram also have a guideline value of Rs 2,200 per sq.ft for 2024. These include Alex Nagar A Colony Extension, Alex Nagar A - Colony Main Road, Alex Nagar A - Colony 4th st, Alex Nagar A Colony, and Alex Nagar A - Colony 3rd st.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

Where can I find the Sub Registrar Office for Alex Nagar A - Colony Kannadasan st ( Ward No.8 )?

The Sub Registrar Office for this area is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO online.