Guideline Value for Alandur Main Road

Alandur Main Road guideline value

The current guideline value of Alandur Main Road in Kilkattalai village is Rs 4,125 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Mixed Type - I land.

How the guideline value of Alandur Main Road has changed

The guideline value of Alandur Main Road has seen significant changes over the years. In 2003, the value was Rs 275 per sq.ft, which increased to Rs 700 per sq.ft in 2007. The 2012 revision saw the value rise to Rs 3,750 per sq.ft, but it dropped to Rs 2,512 per sq.ft in 2017. The 2023 revision brought it back up to Rs 3,750 per sq.ft, and the latest revision in 2024 set it at Rs 4,125 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1400%. The register does not have a figure for the year 2002 for this street.

Guideline values in Kilkattalai

Kilkattalai village has 194 streets under the Pallavaram SRO with a 2024 guideline value range from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Alandur Main Road's 2024 figure above that median.

• Alamelumangapuram,1 To 3 Streets: Rs 4,125 per sq.ft (2024)
• Alamelumangapuram 1st M.Road: Rs 4,125 per sq.ft (2024)
• Alamelumangapuram: Rs 4,125 per sq.ft (2024)
• Almighty Nagar: Rs 1,980 per sq.ft (2024)
• Ambal Nagar 1 To 24 Streets: Rs 4,125 per sq.ft (2024)
• Ambal Nagar Extension: Rs 4,125 per sq.ft (2024)

Stamp duty and registration fee for property in Alandur Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,125 per sq.ft, the total guideline value amounts to Rs 41,25,000. The stamp duty at 7% would be Rs 2,88,750, and the registration fee at 2% would be Rs 82,500, totaling Rs 3,71,250. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alandur Main Road?

The Alandur Main Road falls under the jurisdiction of 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 Kilkattalai

The guideline value is a crucial factor in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation rather than the sale price alone.

When a property transaction occurs, the guideline value helps maintain transparency and fairness in the registration process. Buyers and sellers must be aware of these values to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Alandur Main Road?

The current guideline value of Alandur Main Road is Rs 4,125 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 275 per sq.ft to Rs 4,125 per sq.ft in 2024, marking a significant overall increase of 1400%.

What is the stamp duty rate for properties in Alandur Main Road?

The stamp duty rate for properties in Alandur Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the stamp duty and registration fees. It ensures that these costs are based on an official valuation, contributing to a transparent registration process.