Guideline Value for ALEXANDER ROAD

Alexander Road guideline value

The current guideline value of Alexander Road in Purasaivakkam village, under the Purasaivakkam SRO, is Rs 4,900 per sq.ft, effective from 1 July 2024. This area falls under Residential Class III Type - II land classification.

How the guideline value of Alexander Road has changed

The guideline value for Alexander Road has seen several revisions over the years. In 2007, the guideline value was Rs 1,800 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a 150% rise. However, in 2017, the value decreased to Rs 3,015 per sq.ft, a decline of 33%. The value then rose sharply to Rs 4,500 per sq.ft in 2023, before reaching the current rate of Rs 4,900 per sq.ft in 2024, reflecting a 9% increase.

Overall, from 2007 to 2024, the guideline value has increased by 172%. The revisions for the years 2002 and 2003 have no figures listed for this street in the register.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, which means that the 2024 guideline value of Alexander Road is below this median.

• Alexander Lane: Rs 4,900 per sq.ft (2024)
• A.K.Swamy 9th Street 2nd Lane: Rs 7,100 per sq.ft (2024)
• A.K.Swamy 9th Street 1st Lane: Rs 7,100 per sq.ft (2024)
• A.K.Swamy 9th Street: Rs 7,700 per sq.ft (2024)
• A.K.Swamy 8th Street: Rs 7,700 per sq.ft (2024)
• A.K.Swamy 7th Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Alexander Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total cost together to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations based on your specific property details.

Which Sub Registrar Office covers Alexander Road?

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

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

The guideline value is a critical factor in property transactions in Purasaivakkam. It serves as a benchmark for calculating the stamp duty and registration fees when buying or selling property. This value ensures that the government receives appropriate revenue from property transactions.

When you register a property, the guideline value is used to determine the applicable fees, which are based on the higher of the guideline value or the sale price. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Alexander Road?

The current guideline value of Alexander Road is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 172% over the years.

What is the land classification for Alexander Road?

Alexander Road is classified as Residential Class III Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property on Alexander Road?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Where is the Sub Registrar Office for Alexander Road located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.