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Guideline Value

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Guideline Value for Alex Nagar D - Colony 3rd st ( Ward No.8 )

₹2200/sq.ft.

The guideline value for Alex Nagar D - Colony 3rd 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 3rd St ( Ward No.8 )

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Alex Nagar D - Colony 3rd st ( Ward No.8 ) guideline value

The current guideline value for Alex Nagar D - Colony 3rd st (Ward No.8) 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 D - Colony 3rd st ( Ward No.8 ) has changed

The guideline value for Alex Nagar D - Colony 3rd st has seen several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 brought the value back up to Rs 2,200 per sq.ft, a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the values from 2012 to 2024, there has been a 10% increase.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values 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, making the current value of Alex Nagar D - Colony 3rd st (Ward No.8) above the median.

Stamp duty and registration fee for property in Alex Nagar D - Colony 3rd 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, while 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Alex Nagar D - Colony 3rd st ( Ward No.8 )?

The Sub Registrar Office that covers Alex Nagar D - Colony 3rd 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 critical component in the registration process for property transactions in Madhavaram. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are appropriately calculated based on the property's worth as per the register.

Buyers and sellers should be aware that the guideline value serves as a benchmark during the registration process. It helps in maintaining transparency and consistency in property transactions, reflecting the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Alex Nagar D - Colony 3rd st?

The current guideline value of Alex Nagar D - Colony 3rd 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 is the land classification for Alex Nagar D - Colony 3rd st?

Alex Nagar D - Colony 3rd st is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Alex Nagar D - Colony 3rd st is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Alex Nagar D - Colony 3rd st is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO online.