Guideline Value for Alamelupuram Cross Street

Alamelupuram Cross Street guideline value

The current guideline value of Alamelupuram Cross 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 it falls under the Commercial Class I Type - I land classification.

How the guideline value of Alamelupuram Cross Street has changed

Looking at the historical revisions, the guideline value for Alamelupuram Cross Street was Rs 1,675 per sq.ft in 2017. It increased to Rs 2,500 per sq.ft in 2012, then dropped back to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,750 per sq.ft as of the 2024 revision. There are no figures available for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, comparing the values from 2012 to 2024, there has been a 10% increase in the guideline value.

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 Cross Street is above this median.

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

Stamp duty and registration fee for property in Alamelupuram 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, leading to a total of 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 details.

Which Sub Registrar Office covers Alamelupuram Cross Street?

The Sub Registrar Office that covers Alamelupuram 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

When buying or selling property in Madambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The property must be registered at the Sub Registrar Office, and the fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures that the property is valued correctly for legal and financial purposes. It is advisable to check the latest guideline values before any transaction to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Alamelupuram Cross Street?

The current guideline value of Alamelupuram 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 seen several changes, increasing from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024. There were decreases and increases in various years, including a drop from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017.

What are the stamp duty and registration fees for property in Alamelupuram Cross Street?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,47,500.

Which office handles property registration for Alamelupuram Cross Street?

The Selaiyur Sub Registrar Office is responsible for property registration in Alamelupuram Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What is the land classification of Alamelupuram Cross Street?

Alamelupuram Cross Street is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.