Guideline Value for ALEXANDER STREET

Alexander Street guideline value

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

How the guideline value of Alexander Street has changed

Starting from the 2007 revision, the guideline value for Alexander Street was Rs 600 per sq.ft. It saw a significant increase in the 2012 revision to Rs 3,500 per sq.ft, marking an increase of 483%. However, in the 2017 revision, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The 2023 revision raised it again to Rs 3,500 per sq.ft, and the most recent 2024 revision set it at Rs 3,800 per sq.ft, reflecting a 9% increase.

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

Guideline values in Perambur

In Perambur, the guideline values range from Rs 1,600 to Rs 7,100 per sq.ft as of 2024, with a median value of Rs 2,700 per sq.ft. Alexander Street's 2024 guideline value is above this median, indicating its relative position in the area.

• Alexander Lanes: Rs 3,800 per sq.ft (2024)
• Alexander Cross 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 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, totaling Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alexander Street?

The Sub Registrar Office that covers Alexander 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 during property registration in Perambur. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the correct amounts are paid to the government.

When buying or selling property, the guideline value helps establish a formal valuation for the transaction. It is essential for both buyers and sellers to be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Alexander Street?

The current guideline value of Alexander 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%.

What is the stamp duty for property in Alexander Street?

The stamp duty for property in Alexander Street is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000.

Which Sub Registrar Office covers Alexander Street?

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

What are the guideline values for other streets in Perambur?

Other streets in Perambur have varying guideline values, with rates ranging from Rs 1,600 to Rs 7,100 per sq.ft. Alexander Street's value of Rs 3,800 per sq.ft is above the median of Rs 2,700 per sq.ft.