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Guideline Value

Corporate

Guideline Value for Alaiamman Koil (Slum Area)

₹4400/sq.ft.

The guideline value for Alaiamman Koil (slum Area) in Mylapore Part 1 village (Chennai Central Joint I SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 1

Village

Chennai Central Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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]
Records for a plot on Alaiamman Koil (slum Area)

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Alaiamman Koil (Slum Area) guideline value

The current guideline value of Alaiamman Koil (Slum Area) is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is part of Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Alaiamman Koil (Slum Area) has changed

Over the years, the guideline value for Alaiamman Koil (Slum Area) has seen several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 4,000 per sq.ft, which was then increased to Rs 4,400 per sq.ft in the 2024 revision, marking a change of +10%.

The most recent revision in 2024 reflects the current guideline value of Rs 4,400 per sq.ft. This increase from the previous year's value indicates a shift in the pricing structure for this area.

Guideline values in Mylapore Part 1

Mylapore Part 1 consists of 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Alaiamman Koil (Slum Area) below this median.

Stamp duty and registration fee for property in Alaiamman Koil (Slum Area)

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Alaiamman Koil (Slum Area)?

The Sub Registrar Office that covers Alaiamman Koil (Slum Area) is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a critical factor in the registration process when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the appropriate charges are applied. Buyers and sellers should be aware of these values to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Alaiamman Koil (Slum Area)?

The current guideline value of Alaiamman Koil (Slum Area) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, representing a +10% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Mylapore Part 1?

The median guideline value in Mylapore Part 1 is Rs 8,800 per sq.ft. Alaiamman Koil (Slum Area) is below this median with a current guideline value of Rs 4,400 per sq.ft.

What are the registration fees for properties in Alaiamman Koil (Slum Area)?

The registration fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Where can I find the Sub Registrar Office for Alaiamman Koil (Slum Area)?

The Sub Registrar Office for Alaiamman Koil (Slum Area) is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more details online.