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Guideline Value for Alex Nager B Colony Periyar St (Ward-16)

₹2200/sq.ft.

The guideline value for Alex Nager B Colony Periyar 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 N/A
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 Nager B Colony Periyar St (ward-16)

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Alex Nager B Colony Periyar St (Ward-16) guideline value

The current guideline value of Alex Nager B Colony Periyar St (Ward-16) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Alex Nager B Colony Periyar St (Ward-16) has changed

In the 2017 revision, the guideline value was set at Rs 1,340 per sq.ft. This represents a significant increase of 64% to the current value of Rs 2,200 per sq.ft as per the 2024 revision. It is important to note that the register has no figures for this street for the years 2023, 2012, 2007, 2003, and 2002.

The increase from the 2017 revision to the 2024 revision highlights a notable change in the guideline value. The current rate of Rs 2,200 per sq.ft is a reflection of the ongoing adjustments in property values within the area.

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 of Alex Nager B Colony Periyar St (Ward-16) is above this median.

Stamp duty and registration fee for property in Alex Nager B Colony Periyar 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, making the total fees 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 Nager B Colony Periyar St (Ward-16)?

The Sub Registrar Office covering Alex Nager B Colony Periyar St (Ward-16) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for additional assistance.

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

The guideline value plays a crucial role during the registration process of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is essential for assessing the financial obligations involved. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Alex Nager B Colony Periyar St (Ward-16)?

The current guideline value of Alex Nager B Colony Periyar St (Ward-16) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing an increase of 64%.

What is the land classification for Alex Nager B Colony Periyar St (Ward-16)?

Alex Nager B Colony Periyar St (Ward-16) is classified as Residential Class I Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, the stamp duty for a property valued at Rs 22,00,000 would be Rs 1,54,000 at a rate of 7%.