Guideline Value for ALAYAMMAN KOIL STREET (WARD -19)

Alayamman Koil Street (Ward -19) guideline value

The current guideline value of Alayamman Koil Street (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Alayamman Koil Street (Ward -19) has changed

The guideline value for Alayamman Koil Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 600 per sq.ft, and the most recent revision in 2024 has set the value at Rs 660 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Alayamman Koil Street's 2024 figure below that median.

• Ambedkar Street (Ward -3): Rs 1,320 per sq.ft (2024)
• Agayathiyar Street (N): Rs 1,320 per sq.ft (2024)
• Ambedkar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Agathiar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Adithya Nagar Phase - II: Rs 1,321 per sq.ft (2024)
• Adithiya Garden: Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Alayamman Koil Street (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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 Alayamman Koil Street (Ward -19)?

The Sub Registrar Office that covers Alayamman Koil Street (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Ninna Karai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it can affect the overall cost of the transaction. Buyers and sellers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Alayamman Koil Street (Ward -19)?

The current guideline value of Alayamman Koil Street (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, which is higher than the current value of Alayamman Koil Street.

What fees are associated with buying property in Alayamman Koil Street (Ward -19)?

When purchasing property, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Alayamman Koil Street (Ward -19)?

The Chengleput Joint II Sub Registrar Office covers Alayamman Koil Street and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.