Guideline Value for Alamaram Street

Alamaram Street guideline value

The current guideline value of Alamaram Street in Zaminpallavaram village is Rs 3,300 per sq.ft, effective from the 2024 revision. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Alamaram Street has changed

The guideline value for Alamaram Street has seen several revisions over the years. In 2003, the value was Rs 395 per sq.ft, which increased to Rs 600 per sq.ft in 2007. This was a significant rise of 52%. The value then jumped dramatically to Rs 3,000 per sq.ft in 2012, reflecting a 400% increase. However, it decreased to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. The 2023 revision saw the value rise to Rs 3,000 per sq.ft, and in the latest 2024 revision, it has increased to Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figure for Alamaram Street for the year 2002. Overall, the guideline value has increased by 735% from Rs 395 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Alamaram Street.

• Alliance Galleria Residency: Rs 4,400 per sq.ft (2024)
• Ambal Nagar: Rs 2,750 per sq.ft (2024)
• Agathiyar Lane: Rs 3,300 per sq.ft (2024)
• Agasthiyar Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar lane: Rs 3,300 per sq.ft (2024)
• Agasthiyar Back Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Alamaram Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value is Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alamaram Street?

The Sub Registrar Office that covers Alamaram Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Zaminpallavaram

The guideline value is a critical factor when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Alamaram Street?

The current guideline value of Alamaram Street is Rs 3,300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 395 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 735%.

What is the land classification for Alamaram Street?

Alamaram Street is classified as Residential Class I Type - II under the Pallavaram SRO.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Alamaram Street?

The Pallavaram Sub Registrar Office handles registrations for Alamaram Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.