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Guideline Value

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Guideline Value for Alex Nagar B Colony,Thiruvalluvar 2nd cross St (Ward-16)

₹2200/sq.ft.

The guideline value for Alex Nagar B Colony,thiruvalluvar 2nd Cross 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,thiruvalluvar 2nd Cross St (ward-16)

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Alex Nagar B Colony,Thiruvalluvar 2nd cross St (Ward-16) guideline value

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

How the guideline value of Alex Nagar B Colony,Thiruvalluvar 2nd cross St (Ward-16) has changed

In the 2012 revision, the guideline value was set at 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, the latest revision in 2024 saw a significant increase, bringing the value back up to Rs 2,200 per sq.ft, which is a rise of 64% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been a modest increase of 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

The guideline values for the village of Madhavaram show a range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The current guideline value for Alex Nagar B Colony, Thiruvalluvar 2nd Cross St (Ward-16) is above this median.

Stamp duty and registration fee for property in Alex Nagar B Colony,Thiruvalluvar 2nd cross St (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 would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees together Rs 1,98,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Alex Nagar B Colony,Thiruvalluvar 2nd cross St (Ward-16)?

The Sub Registrar Office that covers Alex Nagar B Colony, Thiruvalluvar 2nd Cross 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 critical factor when registering property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property in the area.

When a property is sold, the guideline value is used to calculate the fees, which are then paid to the government. Buyers should be aware that the stamp duty and registration fees are based on the higher of the guideline value or the sale price to ensure accurate tax collection.

Frequently asked questions

What is the current guideline value for Alex Nagar B Colony,Thiruvalluvar 2nd cross St (Ward-16)?

The current guideline value for Alex Nagar B Colony, Thiruvalluvar 2nd Cross 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 seen several changes, from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and finally to Rs 2,200 per sq.ft in 2024. This reflects a 64% increase from 2017 to 2024 and an overall increase of 10% from 2012 to 2024.

What is the land classification of Alex Nagar B Colony,Thiruvalluvar 2nd cross St (Ward-16)?

Alex Nagar B Colony, Thiruvalluvar 2nd Cross St (Ward-16) is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Alex Nagar B Colony, Thiruvalluvar 2nd Cross St (Ward-16) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How are stamp duty and registration fees calculated in Madhavaram?

Stamp duty and registration fees in Madhavaram are calculated based on the guideline value or the sale price, whichever is higher. It is essential for buyers to consider these fees when planning a property transaction.