Guideline Value for Alagappa Salai

Alagappa Salai guideline value

The current guideline value of Alagappa Salai is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, and the land classification is Mixed Type - I.

How the guideline value of Alagappa Salai has changed

The guideline value for Alagappa Salai has seen significant changes over the years. In 2002, the value was Rs 1,164 per sq.ft, which increased to Rs 1,283 per sq.ft in 2003. Following this, the value rose dramatically to Rs 4,200 per sq.ft in 2007, marking an increase of 227%. The 2012 revision saw a drop to Rs 12,300 per sq.ft, a decrease of 33%. However, the value rebounded to Rs 8,241 per sq.ft in 2017, reflecting a 49% increase. The most recent revision in 2023 set the value at Rs 12,300 per sq.ft, which then increased to Rs 13,400 per sq.ft in 2024, representing a 9% rise.

There are no figures available for this street in the years between 2002 and 2003, and between 2012 and 2017. Overall, from 2002 to 2024, the guideline value has increased by 1,051%.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, and Alagappa Salai's 2024 figure is above this median.

• Alagappa first Street: Rs 11,000 per sq.ft (2024)
• Agasthiyar Nagar: Rs 10,100 per sq.ft (2024)
• Abdul sukkur street: Rs 4,400 per sq.ft (2024)
• Abdul HussianStreet: Rs 4,400 per sq.ft (2024)
• Andiappa Gramani Street: Rs 7,100 per sq.ft (2024)
• Appa Garden Salai: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Alagappa Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value would be Rs 1,34,00,000. The stamp duty at 7% would amount to Rs 9,38,000, while the registration fee at 2% would be Rs 2,68,000. Together, the total cost for these fees would be Rs 12,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alagappa Salai?

The Sub Registrar Office that covers Alagappa Salai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Egmore. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

During the registration process, the guideline value serves as a benchmark for the property's worth. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Alagappa Salai?

The current guideline value of Alagappa Salai is Rs 13,400 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 1,164 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, reflecting an overall increase of 1,051%.

What is the stamp duty rate for properties in Alagappa Salai?

The stamp duty rate for properties in Alagappa Salai is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Alagappa Salai located?

The Sub Registrar Office for Alagappa Salai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What are the guideline values of other streets in Egmore?

Other streets in Egmore have varying guideline values, with Alagappa first Street at Rs 11,000 per sq.ft, Agasthiyar Nagar at Rs 10,100 per sq.ft, and others ranging from Rs 4,400 to Rs 22,000 per sq.ft in 2024.