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 road is located in Mylapore Part 2 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 Clearance Road has changed

The guideline value for Alaiamman Koil Slum Clearance Road has undergone several revisions over the years. The register has no 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, reflecting a change of +10%.

The most recent revision in 2024 shows a guideline value of Rs 4,400 per sq.ft. This is a significant increase from the previous year's figure of Rs 4,000 per sq.ft. The changes in the guideline values indicate adjustments made by the authorities to reflect current market conditions.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 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 for these streets is Rs 8,800 per sq.ft, placing Alaiamman Koil Slum Clearance Road's 2024 figure below that 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 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, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alaiamman Koil Slum Clearance Road?

The Alaiamman Koil Slum Clearance Road is covered by 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 details.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor when registering property transactions in Mylapore Part 2. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring transparency in property dealings.

When you buy or sell property, the guideline value aids in calculating the applicable stamp duty and registration fees. This ensures that all transactions are conducted fairly and in accordance with the regulations set forth by the authorities.

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 has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, marking a +10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Mylapore Part 2?

Other streets in Mylapore Part 2 have varying guideline values, ranging from Rs 4,400 to Rs 25,300 per sq.ft in 2024. The median value for these streets is Rs 8,800 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same value.

Which office handles the registration for Alaiamman Koil Slum Clearance Road?

The registration for Alaiamman Koil Slum Clearance Road is handled by the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.