Guideline Value for Alaiamman Koil Street

Alaiamman Koil Street guideline value

The current guideline value of Alaiamman Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street 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 Street has changed

The guideline value for Alaiamman Koil Street has seen several revisions over the years. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 4,400 per sq.ft, which is an increase of 10% from the previous revision in 2023, where the value was Rs 4,000 per sq.ft. The register has no figure for this street for the revisions in 2017, 2012, 2007, 2003, and 2002.

In summary, the only available figures for this street are from the 2023 and 2024 revisions, with the latter reflecting the current guideline value. The absence of figures for earlier years indicates that no revisions were recorded for Alaiamman Koil Street during those periods.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing Alaiamman Koil Street's 2024 figure below that median.

• Alaiamman Koil Slum Clearance Road: Rs 4,400 per sq.ft (2024)
• Alaiamman Koil (Slum Area): 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 Street

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, making the total fees together Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Alaiamman Koil Street?

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

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

The guideline value is a critical factor in the registration process when buying or selling property in Mylapore Part 2. It serves as the minimum value for which property transactions are registered, ensuring that the sale price is in line with government valuations.

When you register a property, the guideline value helps determine the applicable stamp duty and registration fees, which are essential costs in the property transaction process. Buyers and sellers should always be aware of the current guideline value to accurately assess their financial obligations.

Frequently asked questions

What is the current guideline value of Alaiamman Koil Street?

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

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%, from Rs 4,000 per sq.ft to Rs 4,400 per sq.ft.

What is the median guideline value in Mylapore Part 2?

The median guideline value in Mylapore Part 2 is Rs 8,800 per sq.ft, with Alaiamman Koil Street's 2024 figure being below this median.

What are the stamp duty and registration fees for a property in Alaiamman Koil Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Alaiamman Koil Street?

The Chennai Central Joint I Sub Registrar Office handles property registrations for Alaiamman Koil Street, located at No.182 Bharati Salai, Royapettah, Chennai-600014.