Guideline Value for ALFA COLLEGE ROAD
₹2200/sq.ft.
The guideline value for Alfa College Road in Thundalam village (Chennai South Joint I SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Thundalam
Village
Chennai South Joint I
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2200 /sq.ft. |
| From 1-4-2023 | ₹2000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1340 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2000 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]
DRO (District Registrar Office)
Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]
DIG (Deputy Inspector General)
Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
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Alfa College Road guideline value
The current guideline value of Alfa College Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Thundalam village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.
How the guideline value of Alfa College Road has changed
The guideline value for Alfa College Road has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased the value to Rs 1,340 per sq.ft, marking a decline of 33%. The 2023 revision then increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision has raised it further to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.
From 2017 to 2023, the value increased significantly by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.
Guideline values in Thundalam
In Thundalam, there are 97 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. Alfa College Road's 2024 figure of Rs 2,200 per sq.ft is above this median.
- Alfa College Road: Rs 2,200 per sq.ft (2024)
- Annamalai Avenue: Rs 3,300 per sq.ft (2024)
- Anna Nagar Ambedkar Street: Rs 1,650 per sq.ft (2024)
- Anna Nagar Anna Street: Rs 1,650 per sq.ft (2024)
- Anna Nagar Bharahtiyar Street: Rs 1,650 per sq.ft (2024)
- Anna Nagar Desigan Street: Rs 1,650 per sq.ft (2024)
Stamp duty and registration fee for property in Alfa College Road
For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Alfa College Road?
The Alfa College Road is covered by the Chennai South Joint I Sub Registrar Office, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Thundalam
The guideline value plays a crucial role in the registration process of property transactions in Thundalam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that these fees are based on an official valuation rather than the sale price alone.
It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. This value is regularly updated, and understanding these changes can help in making informed decisions during property dealings.
Frequently asked questions
What is the current guideline value of Alfa College Road?
The current guideline value of Alfa College Road is Rs 2,200 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 in 2023, and finally to Rs 2,200 in 2024.
What is the stamp duty for property in Alfa College Road?
The stamp duty for property in Alfa College Road is calculated at 7% of the guideline value or the sale price, whichever is higher.
Which office handles registrations for Alfa College Road?
The Chennai South Joint I Sub Registrar Office handles registrations for Alfa College Road, located at Fanepet Nandanam, Chennai - 600 035.
What is the median guideline value in Thundalam?
The median guideline value in Thundalam is Rs 1,870 per sq.ft, with Alfa College Road's value of Rs 2,200 per sq.ft being above this median.
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