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Guideline Value

Corporate

Guideline Value for Alex Nagar B Colony (Ward-16)

₹2200/sq.ft.

The guideline value for Alex Nagar B Colony (ward-16) 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 B Colony (ward-16)

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Alex Nagar B Colony (Ward-16) guideline value

The current guideline value of Alex Nagar B Colony (Ward-16) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Alex Nagar B Colony (Ward-16) has changed

The guideline value of Alex Nagar B Colony has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft, which later decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly to Rs 2,200 per sq.ft, reflecting a rise of 64%. Overall, the guideline value has increased by 10% from the 2012 figure to the current 2024 figure.

It is noteworthy that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street in the register. The most recent revision in 2024 indicates a positive adjustment in the guideline value.

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, with a median value of Rs 1,600 per sq.ft. The guideline value of Alex Nagar B Colony (Ward-16) is above this median.

Stamp duty and registration fee for property in Alex Nagar B Colony (Ward-16)

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 fees to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alex Nagar B Colony (Ward-16)?

The Sub Registrar Office that covers Alex Nagar B Colony (Ward-16) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

When buying or selling property in Madhavaram, the guideline value plays a crucial role in determining the registration fees and stamp duty. Buyers must consider the guideline value as it is used to calculate the applicable taxes and fees during the registration process.

It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to accurately assess the financial implications of the transaction. This value serves as a benchmark for property transactions within the region.

Frequently asked questions

What is the current guideline value of Alex Nagar B Colony (Ward-16)?

The current guideline value of Alex Nagar B Colony (Ward-16) 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 decrease of 33% from 2012 to 2017, followed by a 64% increase from 2017 to 2024.

What is the land classification of Alex Nagar B Colony (Ward-16)?

The land classification for Alex Nagar B Colony (Ward-16) is Residential Class I Type - I, indicating its designation for residential purposes.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles property registrations in the area.

How is the stamp duty calculated for properties in Alex Nagar B Colony (Ward-16)?

Stamp duty for properties in Alex Nagar B Colony is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.