Guideline Value for ALIYAR STREET

Aliyar Street guideline value

The current guideline value of Aliyar Street in Chengalpattu Natham village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Aliyar Street has changed

The guideline value for Aliyar Street has undergone several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. The value then saw a significant increase to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, reflecting a rise of 10% from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the 2024 figure for Aliyar Street.

• Ahamathu Meeran Sayabu Street: Rs 1,650 per sq.ft (2024)
• Angalamman Koil Street: Rs 2,200 per sq.ft (2024)
• Annai Anjukam Nagar: Rs 1,100 per sq.ft (2024)
• Anna Salai (A) High Road: Rs 3,520 per sq.ft (2024)
• Anna Salai Ward-1: Rs 3,520 per sq.ft (2024)
• Anna Salai Ward-2: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Aliyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aliyar Street?

The Sub Registrar Office that covers Aliyar Street 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 information.

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

The guideline value plays a crucial role when buying or selling property in Chengalpattu Natham. It is used to determine the stamp duty and registration fees applicable during the transaction, ensuring that both parties are aware of the financial obligations involved.

When registering a property, 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 Aliyar Street?

The current guideline value of Aliyar Street 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 increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Aliyar Street?

Aliyar Street is classified as Residential Special Type - III under the Chengleput Joint II SRO.

Where can I find the Sub Registrar Office for Aliyar Street?

The Sub Registrar Office for Aliyar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property transactions in Aliyar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 22,00,000, resulting in a stamp duty of Rs 1,54,000.