Guideline Value for ALPHA COLLEGE ROAD

Alpha College Road guideline value

The current guideline value of Alpha College Road in Thundalam village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Alpha College Road has changed

The guideline value for Alpha College Road has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. However, the value increased significantly to Rs 2,000 per sq.ft in 2023, and then rose further to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%, and overall, from 2012 to 2024, there has been a 10% increase. It is important to note that there are no recorded 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 carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Alpha College Road's 2024 figure 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 Alpha College Road

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, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alpha College Road?

The Sub Registrar Office that covers Alpha College Road is the Chennai South Joint I Sub Registrar Office, located at 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 when buying or selling property in Thundalam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When a property transaction occurs, the guideline value is assessed to determine the applicable fees. Buyers and sellers must be aware that the fees are calculated on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Alpha College Road?

The current guideline value of Alpha 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 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 Alpha College Road?

Alpha College Road is classified as Residential Class II Type - I under the Chennai South Joint I SRO.

What are the stamp duty and registration fees for property in Alpha College Road?

For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 1,98,000, which includes stamp duty and registration fees based on the guideline value.

Where is the Sub Registrar Office for Alpha College Road located?

The Sub Registrar Office for Alpha College Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.