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Guideline Value

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Guideline Value for Alex Nagar D - Colony 1st st ( Ward No.8 )

₹2200/sq.ft.

The guideline value for Alex Nagar D - Colony 1st St ( Ward No.8 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. 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 ₹2000 /sq.ft.
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 D - Colony 1st St ( Ward No.8 )

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Alex Nagar D - Colony 1st st ( Ward No.8 ) guideline value

The current guideline value for Alex Nagar D - Colony 1st st ( Ward No.8 ) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Alex Nagar D - Colony 1st st ( Ward No.8 ) has changed

The guideline value for Alex Nagar D - Colony 1st st has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision, reflecting a change of -33%. In the 2023 revision, the guideline value increased to Rs 2,000 per sq.ft, and the most recent 2024 revision raised it to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 2,000 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It should be noted that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value range from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Alex Nagar D - Colony 1st st's 2024 figure above the median.

Stamp duty and registration fee for property in Alex Nagar D - Colony 1st st ( Ward No.8 )

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 to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further details.

Which Sub Registrar Office covers Alex Nagar D - Colony 1st st ( Ward No.8 )?

The Sub Registrar Office that covers Alex Nagar D - Colony 1st st ( Ward No.8 ) 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 when buying or selling property in Madhavaram. It serves as a reference point for the registration of property transactions, ensuring that the value is consistent and transparent for both buyers and sellers.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps in determining the official value of the property, which can impact the overall costs associated with the transaction.

Frequently asked questions

What is the current guideline value for Alex Nagar D - Colony 1st st?

The current guideline value for Alex Nagar D - Colony 1st st ( Ward No.8 ) 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, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty rates for properties in Madhavaram?

The stamp duty rate for properties in Madhavaram is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Alex Nagar D - Colony 1st st?

The Sub Registrar Office for Alex Nagar D - Colony 1st st is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the official value of a property for registration purposes. It is used to calculate stamp duty and registration fees, ensuring transparency in property transactions.