Guideline Value for ALANDUR MAIN ROAD

Alandur Main Road guideline value

The current guideline value of Alandur Main Road, located in Nanmangalam village, is Rs 3,850 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Mixed Type - I land.

How the guideline value of Alandur Main Road has changed

Over the years, the guideline value of Alandur Main Road has seen significant changes. Starting from the 2007 revision, the value was Rs 400 per sq.ft, which increased dramatically to Rs 3,500 per sq.ft in 2012, marking a rise of 775%. However, in 2017, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The 2023 revision set the value at Rs 3,500 per sq.ft, followed by a further increase to Rs 3,850 per sq.ft in 2024, representing a 10% rise.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has surged by 863%. It is important to note that the register has no figure for this street in the years 2002 and 2003.

Guideline values in Nanmangalam

Nanmangalam village has 139 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, making Alandur Main Road's 2024 figure of Rs 3,850 per sq.ft notably above the median.

• Ambedkar Salai: Rs 3,300 per sq.ft (2024)
• Ambedkar Salai 1 To 2 Street: Rs 3,300 per sq.ft (2024)
• Abinanthan Nagar: Rs 2,750 per sq.ft (2024)
• Ananthpadmanabhan Avenue: Rs 3,300 per sq.ft (2024)
• Anna Cross Street: Rs 1,960 per sq.ft (2024)
• ANNA Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Alandur Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty, charged at 7%, would be Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, bringing the total cost together to Rs 3,46,500. 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 details.

Which Sub Registrar Office covers Alandur Main Road?

The Sub Registrar Office that covers Alandur Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nanmangalam. It is used to determine the stamp duty and registration fees applicable during the buying or selling process. The guideline value helps ensure that the property is registered at a fair value, which is essential for legal and financial purposes.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alandur Main Road?

The current guideline value of Alandur Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, representing an overall increase of 863% over the years.

What is the land classification of Alandur Main Road?

Alandur Main Road is classified as Mixed Type - I land under the Pallavaram SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Where can I find the Sub Registrar Office for Alandur Main Road?

The Sub Registrar Office for Alandur Main Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find more information by visiting the relevant link.