Guideline Value for ALEXANDER CROSS STREET

Alexander Cross Street guideline value

The current guideline value of Alexander Cross Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Alexander Cross Street has changed

The guideline value for Alexander Cross Street has seen several revisions over the years. The earliest recorded figure is from the 2007 revision, where the value was Rs 600 per sq.ft. This saw a significant increase to Rs 3,500 per sq.ft in the 2012 revision, marking a rise of 483%. However, in the 2017 revision, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,800 per sq.ft in 2024, reflecting a 9% rise.

Overall, from 2007 to 2024, the guideline value has increased by 533%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Alexander Cross Street is above this median.

• Alexander Lanes: Rs 3,800 per sq.ft (2024)
• Alexander Street: Rs 3,800 per sq.ft (2024)
• Ambedkar Road (A) Gantz Road: Rs 5,500 per sq.ft (2024)
• Ambedkar Street: Rs 2,700 per sq.ft (2024)
• Ammaiyi Ammal Lane: Rs 3,800 per sq.ft (2024)
• Amman Koil 1st Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Alexander Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, making the total fees together Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alexander Cross Street?

The Sub Registrar Office that covers Alexander Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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 the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Alexander Cross Street?

The current guideline value of Alexander Cross Street is Rs 3,800 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 600 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 533% over this period.

What is the classification of Alexander Cross Street?

Alexander Cross Street is classified as Residential Class II Type - II, indicating its designation for residential use within the area.

Where is the Sub Registrar Office for Alexander Cross Street located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it covers Alexander Cross Street.

How is stamp duty calculated for properties in Perambur?

Stamp duty for properties in Perambur is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.