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Guideline Value

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Guideline Value for Alex Nagar C - Colony Road ( Ward No.16 )

₹2200/sq.ft.

The guideline value for Alex Nagar C - Colony Road ( Ward No.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 C - Colony Road ( Ward No.16 )

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Alex Nagar C - Colony Road ( Ward No.16 ) guideline value

The current guideline value for Alex Nagar C - Colony Road ( Ward No.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 C - Colony Road ( Ward No.16 ) has changed

The guideline value for Alex Nagar C - Colony Road has undergone several revisions over the years. In 2012, the 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 most recent revision in 2024 has increased the guideline value to Rs 2,200 per sq.ft, reflecting a significant rise of 64% from the 2017 figure.

Overall, comparing the values from 2012 to 2024, 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 in the register.

Guideline values in Madhavaram

The guideline values for properties in Madhavaram range 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 C - Colony Road ( Ward No.16 ) is above this median, indicating its relative value within the village.

Stamp duty and registration fee for property in Alex Nagar C - Colony Road ( Ward No.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, 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 on calculating fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alex Nagar C - Colony Road ( Ward No.16 )?

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

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

The guideline value plays a crucial role in property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives revenue based on the property's assessed value.

When selling a property, the guideline value can also provide a benchmark for sellers to set their asking price. However, it is essential to understand that the guideline value is not the same as the market value, and actual sale prices may vary based on various factors.

Frequently asked questions

What is the current guideline value for Alex Nagar C - Colony Road?

The current guideline value for Alex Nagar C - Colony Road ( Ward No.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 to Rs 2,200 per sq.ft in 2024. This reflects a significant increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Madhavaram Sub Registrar Office covers Alex Nagar C - Colony Road ( Ward No.16 ). Its address is No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Alex Nagar C - Colony Road?

The land classification for Alex Nagar C - Colony Road ( Ward No.16 ) is Residential Class I Type - I, indicating its suitability for residential development.