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Guideline Value

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

₹2200/sq.ft.

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

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Alex Nagar B Colony, Arignaranna St (Ward-16) guideline value

The current guideline value of Alex Nagar B Colony, Arignaranna St (Ward-16) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under Madhavaram village and is classified as Residential Class I Type - I, governed by the Madhavaram SRO.

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

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure 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, which is a rise of 64%. Overall, comparing the figures from 2012 to 2024, there has been an increase of 10%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street in the guideline value register.

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, indicating that Alex Nagar B Colony, Arignaranna St (Ward-16) is above the median at Rs 2,200 per sq.ft.

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

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, totaling 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 B Colony, Arignaranna St (Ward-16)?

The Sub Registrar Office that covers Alex Nagar B Colony, Arignaranna St (Ward-16) 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 during property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in this area. The guideline value is set by the government and is updated periodically to reflect changes in the real estate market.

When registering a property, the buyer must pay the stamp duty based on the higher value between the guideline value and the actual sale price. This ensures that the government receives appropriate revenue from property transactions, aligning with the established guidelines.

Frequently asked questions

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

The current guideline value of Alex Nagar B Colony, Arignaranna St (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.

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

Alex Nagar B Colony, Arignaranna St (Ward-16) is classified as Residential Class I Type - I.

Where can I find the registration office for Alex Nagar B Colony?

The registration office for Alex Nagar B Colony, Arignaranna St (Ward-16) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Alex Nagar B Colony?

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