Guideline Value for Alamaram Street

Alamaram Street guideline value

The current guideline value of Alamaram Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO and is classified as Residential Class III Type - I.

How the guideline value of Alamaram Street has changed

The guideline value for Alamaram Street has undergone several revisions since 2017. The 2017 revision set the value at Rs 670 per sq.ft, which was increased to Rs 1,000 per sq.ft in 2023, marking a substantial rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for Alamaram Street for the years 2002, 2003, 2007, and 2012.

Guideline values in 5. Athipattu

In 5. Athipattu village, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Alamaram Street's 2024 figure below this median.

• Alli Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Amaravathi Street(ICF): Rs 2,400 per sq.ft (2024)
• Amman Koil Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Annai Therasa Street: Rs 2,200 per sq.ft (2024)
• Annamalai Avenue ( A.N.A. Avenue): Rs 4,400 per sq.ft (2024)
• Annamalai Avenue Extention: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Alamaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the 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 Alamaram Street?

The Sub Registrar Office that covers Alamaram Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor in the registration process when buying or selling property in 5. Athipattu. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately according to the prevailing market standards.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Alamaram Street?

The current guideline value of Alamaram Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, rising from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024.

What is the median guideline value in 5. Athipattu?

The median guideline value in 5. Athipattu is Rs 2,200 per sq.ft, which is higher than the current value of Alamaram Street.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Tamil Nadu is typically charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the appropriate link for your area, such as the Konnur Sub Registrar Office for Alamaram Street.