Guideline Value for ALAMARAM STREET

Alamaram Street guideline value

The current guideline value of Alamaram Street in Tiruttani village is Rs 825 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Thiruttani SRO and is classified as Residential Class III Type - I.

How the guideline value of Alamaram Street has changed

The guideline value for Alamaram Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 502 per sq.ft, which increased to Rs 750 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, Alamaram Street has experienced a 64% increase in its guideline value. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that have a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median value among these streets is Rs 825 per sq.ft, which is the same as the guideline value for Alamaram Street.

• Akkaiya Road West (Adhiparasakthi Koil Backside): Rs 770 per sq.ft (2024)
• Akkaiya Road (Thanigasalamman Koil St To Telephone Exchange): Rs 770 per sq.ft (2024)
• Akkaiya Road (Thanigasalamman Koil Street): Rs 770 per sq.ft (2024)
• Akkaiya Road (S B I Thanigasalamman Koil Street): Rs 770 per sq.ft (2024)
• Amidhapuram Mahalakshmi Nagar: Rs 550 per sq.ft (2024)
• Amiirdhapuram Anna Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Alamaram Street

For a 1,000 sq.ft plot on Alamaram Street at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty, calculated at 7%, would amount to Rs 57,750, while the registration fee at 2% would be Rs 16,500. Together, these fees would total Rs 74,250. 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 Alamaram Street?

The Sub Registrar Office that covers Alamaram Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. The registration office uses the guideline value to calculate the applicable fees, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Alamaram Street?

The current guideline value of Alamaram Street is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the land classification for Alamaram Street?

Alamaram Street is classified as Residential Class III Type - I under the current guidelines.

Where can I find the Sub Registrar Office for Alamaram Street?

The Sub Registrar Office for Alamaram Street is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is the stamp duty calculated for properties on Alamaram Street?

Stamp duty for properties on Alamaram Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 57,750 based on the current guideline value.