Guideline Value for Alamelupuram 1st Cross Street

Alamelupuram 1st Cross Street guideline value

The current guideline value of Alamelupuram 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Alamelupuram 1st Cross Street has changed

Looking at the revisions, the guideline value for Alamelupuram 1st Cross Street has remained stable at Rs 2,500 per sq.ft from the 2012 revision until the 2023 revision. However, in the 2024 revision, the value increased to Rs 2,750 per sq.ft, marking a 10% rise from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2017.

From the 2012 revision to the 2024 revision, there has been an overall increase of 10%. The 2023 revision maintained the same value as the 2012 revision, indicating no change during that period.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, making the 2024 value of Alamelupuram 1st Cross Street above that median.

• Alamelupuram 1st Main Road: Rs 2,750 per sq.ft (2024)
• Alamelupuram 1st Street: Rs 2,750 per sq.ft (2024)
• Alamelupuram 2nd Cross street: Rs 2,750 per sq.ft (2024)
• Alamelupuram: Rs 2,750 per sq.ft (2024)
• Alamelupuram 2nd Main Road: Rs 2,750 per sq.ft (2024)
• Alamelupuram 2nd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelupuram 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the 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 Alamelupuram 1st Cross Street?

The Sub Registrar Office that covers Alamelupuram 1st Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value is assessed to calculate the applicable duties. This ensures that both parties are aware of the financial implications associated with the sale, providing transparency in the registration process.

Frequently asked questions

What is the current guideline value of Alamelupuram 1st Cross Street?

The current guideline value of Alamelupuram 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 2,500 per sq.ft from 2012 to 2023, before increasing to Rs 2,750 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the land classification for Alamelupuram 1st Cross Street?

The land classification for Alamelupuram 1st Cross Street is Commercial Class I Type - I.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Alamelupuram 1st Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at 7%.