Guideline Value for Mathiazhagan Nagar - Alagirisamy Street

Mathiazhagan Nagar - Alagirisamy Street guideline value

The current guideline value for Mathiazhagan Nagar - Alagirisamy Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Mathiazhagan Nagar - Alagirisamy Street has changed

The guideline value for Mathiazhagan Nagar - Alagirisamy Street has seen several revisions over the years. Starting from Rs 378 per sq.ft in 2002, the value increased to Rs 413 per sq.ft in 2003, marking a 9% rise. The following revisions saw significant jumps, with the value reaching Rs 850 per sq.ft in 2007, reflecting a 106% increase from the previous year. By 2012, the value was Rs 3,000 per sq.ft, which was a 253% increase from 2007, but then it decreased by 33% to Rs 2,010 per sq.ft by 2017.

In 2023, the guideline value was revised to Rs 3,000 per sq.ft, and it then increased by 10% to the current value of Rs 3,300 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 773%. There are no figures available for any other revisions for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, placing Mathiazhagan Nagar - Alagirisamy Street below this median.

• Mathiazhagan Nagar - Anna Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Aranganathan Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Govindasamy Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Jeeva Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Kamarajar Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Kanniah Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mathiazhagan Nagar - Alagirisamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 information.

Which Sub Registrar Office covers Mathiazhagan Nagar - Alagirisamy Street?

The Sub Registrar Office that covers Mathiazhagan Nagar - Alagirisamy Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, which can significantly impact the total expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Mathiazhagan Nagar - Alagirisamy Street?

The current guideline value of Mathiazhagan Nagar - Alagirisamy Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 378 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 773% over this period.

What is the land classification for Mathiazhagan Nagar - Alagirisamy Street?

Mathiazhagan Nagar - Alagirisamy Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Mathiazhagan Nagar - Alagirisamy Street?

The Sub Registrar Office for Mathiazhagan Nagar - Alagirisamy Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Mathiazhagan Nagar - Alagirisamy Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.