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Guideline Value

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Guideline Value for Alex Nagar B Colony,Thiruvalluvar 3rd Cross St (Ward-16)

₹2200/sq.ft.

The guideline value for Alex Nagar B Colony,thiruvalluvar 3rd 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 3rd Cross St (ward-16)

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Alex Nagar B Colony,Thiruvalluvar 3rd Cross St (Ward-16) guideline value

The current guideline value of Alex Nagar B Colony,Thiruvalluvar 3rd Cross St (Ward-16) 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 B Colony,Thiruvalluvar 3rd Cross St (Ward-16) has changed

The guideline value for Alex Nagar B Colony,Thiruvalluvar 3rd Cross St has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The most recent revision in 2024 has increased the guideline value to Rs 2,200 per sq.ft, which is an increase of 64% from the 2017 figure.

Overall, comparing the 2012 figure of Rs 2,000 per sq.ft to the current 2024 figure of Rs 2,200 per sq.ft shows a slight increase of 10%. It is important to note that the register has no figures 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, with a median value of Rs 1,600 per sq.ft. The guideline value for Alex Nagar B Colony,Thiruvalluvar 3rd Cross St is above this median.

Stamp duty and registration fee for property in Alex Nagar B Colony,Thiruvalluvar 3rd 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 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 higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alex Nagar B Colony,Thiruvalluvar 3rd Cross St (Ward-16)?

The Sub Registrar Office that covers Alex Nagar B Colony,Thiruvalluvar 3rd Cross St (Ward-16) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO here.

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

The guideline value is a crucial factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately in the official records, reflecting the value of the property as per the government’s assessment. This helps in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Alex Nagar B Colony,Thiruvalluvar 3rd Cross St?

The current guideline value of Alex Nagar B Colony,Thiruvalluvar 3rd 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 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. The overall change from 2012 to 2024 is an increase of 10%.

What is the land classification for this area?

The land classification for Alex Nagar B Colony,Thiruvalluvar 3rd Cross St (Ward-16) is Residential Class I Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 1,98,000.

Where is the Madhavaram Sub Registrar Office located?

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