Guideline Value for Alagirisamy Salai

Alagirisamy Salai guideline value

The current guideline value of Alagirisamy Salai is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Alagirisamy Salai has changed

The guideline value for Alagirisamy Salai has seen significant changes over the years. In 2007, the value was Rs 1,460 per sq.ft, which increased to Rs 7,000 per sq.ft in 2012. However, it dropped to Rs 4,690 per sq.ft in 2017 before rising to Rs 7,000 per sq.ft in 2023. The current figure of Rs 7,700 per sq.ft represents a 10% increase from the previous year's value.

Between the revisions, the most notable change was from 2007 to 2012, where the value increased by 379%. From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 427%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Alagirisamy Salai's 2024 figure above this median.

• Alagiri Street: Rs 3,300 per sq.ft (2024)
• Alayamaistry Street: Rs 3,300 per sq.ft (2024)
• Ambal Nagar: Rs 4,100 per sq.ft (2024)
• Ambedkar Salai: Rs 8,800 per sq.ft (2024)
• Adhikesavan Street: Rs 4,100 per sq.ft (2024)
• Adhikesavanpillai Street Block 38: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Alagirisamy Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, making the total cost for these fees Rs 6,93,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alagirisamy Salai?

The Sub Registrar Office that covers Alagirisamy Salai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

When registering a property, the guideline value helps in assessing the minimum value at which the property can be sold. This ensures that properties are not undervalued during transactions, thereby protecting the interests of both the buyer and the seller.

Frequently asked questions

What is the current guideline value of Alagirisamy Salai?

The current guideline value of Alagirisamy Salai is Rs 7,700 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 1,460 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 427% over this period.

What is the stamp duty rate for property in Alagirisamy Salai?

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

Where is the Sub Registrar Office for Alagirisamy Salai located?

The Sub Registrar Office for Alagirisamy Salai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the guideline values for other streets in Kodambakkam?

Other streets in Kodambakkam have varying guideline values, such as Alagiri Street and Alayamaistry Street at Rs 3,300 per sq.ft, while Ambedkar Salai is at Rs 8,800 per sq.ft.