Guideline Value

Corporate

Guideline Value for Alamelupuram 2nd Street

₹2750/sq.ft.

The guideline value for Alamelupuram 2nd Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Alamelupuram 2nd Street

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Alamelupuram 2nd Street guideline value

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

How the guideline value of Alamelupuram 2nd Street has changed

The guideline value for Alamelupuram 2nd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is an increase from Rs 2,500 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 1,675 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 2,500 per sq.ft, which was a decrease of -33% from the previous 2017 value. Overall, from 2012 to 2024, the guideline value has increased by +10%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Alamelupuram 2nd Street.

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, with a median value of Rs 2,400 per sq.ft. The guideline value of Alamelupuram 2nd Street is above this median.

Stamp duty and registration fee for property in Alamelupuram 2nd 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 cost for these fees to Rs 2,47,500. It is important to note that 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 information.

Which Sub Registrar Office covers Alamelupuram 2nd Street?

The Sub Registrar Office that covers Alamelupuram 2nd 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 details.

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

The guideline value is an essential factor in property transactions in Madambakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in real estate dealings. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Alamelupuram 2nd Street?

The current guideline value of Alamelupuram 2nd 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 changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, an increase of +10%. It was Rs 1,675 per sq.ft in 2017, showing a +49% increase from 2017 to 2023.

What are the other streets in Madambakkam with the same guideline value?

Other streets in Madambakkam with the same guideline value of Rs 2,750 per sq.ft include Alamelupuram 2nd Main Road, Alamelupuram Cross Street, Alamelupuram 2nd Cross street, Alamelupuram Main Road, Alamelupuram 1st Street, and Alamelupuram 1st Main Road.

Where can I find the Sub Registrar Office for Alamelupuram 2nd Street?

The Sub Registrar Office for Alamelupuram 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the guideline value used for stamp duty calculations?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. The duty is charged on the higher of the guideline value or the sale price, ensuring that the transaction is recorded at a fair value.