Guideline Value for ALAGIRI PURAM 2ND STREET

Alagiri Puram 2nd Street guideline value

The current guideline value of Alagiri Puram 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Alagiri Puram 2nd Street has changed

Over the years, the guideline value of Alagiri Puram 2nd Street has undergone several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,050 per sq.ft. This figure remained unchanged until the 2012 revision, which also recorded Rs 4,000 per sq.ft. The next revision in 2023 again held the value at Rs 4,000 per sq.ft, before the latest increase to Rs 4,400 per sq.ft in 2024, marking a 10% rise from the previous year.

Notably, the significant change occurred between the 2007 and 2012 revisions, where the guideline value increased by 281%. Overall, from 2007 to 2024, the guideline value has increased by 319%. It is important to mention that the register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, indicating that Alagiri Puram 2nd Street's 2024 figure is below that median.

• Alagiri Puram 1st Street: Rs 4,400 per sq.ft (2024)
• Alagiri Nagar Main Road: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar East Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 7th Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 6th Street: Rs 6,300 per sq.ft (2024)
• ALAGIRI NAGAR 6TH CROSS STREET (Aravind Apt - 100feet Road): Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Alagiri Puram 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. 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 Alagiri Puram 2nd Street?

The Sub Registrar Office that covers Alagiri Puram 2nd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded at a fair value as per government standards.

When initiating a sale or purchase, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures compliance with local regulations and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of Alagiri Puram 2nd Street?

The current guideline value of Alagiri Puram 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,050 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 319% over the years.

What are the stamp duty and registration fees for property in Alagiri Puram 2nd Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Which Sub Registrar Office covers Alagiri Puram 2nd Street?

The Kodambakkam Sub Registrar Office covers Alagiri Puram 2nd Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value in Puliyur village?

The median guideline value in Puliyur village is Rs 5,800 per sq.ft, which indicates that Alagiri Puram 2nd Street's 2024 figure is below this median.