Guideline Value for Alaiamman Koil Slum Clearance Road

Alaiamman Koil Slum Clearance Road guideline value

The current guideline value of Alaiamman Koil Slum Clearance Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village under the Chennai Central Joint I SRO, classified as Residential Class IV Type - I.

How the guideline value of Alaiamman Koil Slum Clearance Road has changed

The guideline value for Alaiamman Koil Slum Clearance Road has seen several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 4,000 per sq.ft, which increased to Rs 4,400 per sq.ft in the 2024 revision, marking a change of +10%.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO with a 2024 guideline value range from Rs 4,400 to Rs 25,300 per sq.ft. The median value is Rs 8,800 per sq.ft, placing Alaiamman Koil Slum Clearance Road's value below this median.

• Alaiamman Koil (Slum Area): Rs 4,400 per sq.ft (2024)
• Alaiamman Koil Street: Rs 4,400 per sq.ft (2024)
• Alwarpet 1st Cross Street: Rs 8,700 per sq.ft (2024)
• Alwarpet 1st Lane: Rs 8,700 per sq.ft (2024)
• Alwarpet 1st Street: Rs 8,700 per sq.ft (2024)
• Alwarpet 2nd Cross Street: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in Alaiamman Koil Slum Clearance Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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, totaling Rs 3,96,000. It is important to note that 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 Alaiamman Koil Slum Clearance Road?

The Sub Registrar Office that covers Alaiamman Koil Slum Clearance Road 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 further inquiries.

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

The guideline value plays a crucial role during the registration process of property transactions in Mylapore Part 1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both parties are aware of the official value assigned to the property.

When buying or selling property, the guideline value helps in determining the financial obligations associated with the transaction. It is essential for buyers and sellers to be aware of these values to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Alaiamman Koil Slum Clearance Road?

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

How has the guideline value changed over the years?

The guideline value for Alaiamman Koil Slum Clearance Road was Rs 4,000 per sq.ft in 2023 and increased to Rs 4,400 per sq.ft in 2024, reflecting a +10% change. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of Alaiamman Koil Slum Clearance Road?

Alaiamman Koil Slum Clearance Road is classified as Residential Class IV Type - I under the Chennai Central Joint I SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, on a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 3,96,000.

Where is the Sub Registrar Office located for Alaiamman Koil Slum Clearance Road?

The Chennai Central Joint I Sub Registrar Office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. This office handles registrations for properties in the area.