Guideline Value for Alandur Road

Alandur Road guideline value

The current guideline value of Alandur Road is Rs 6,100 per sq.ft, effective from 1 July 2024. This road is located in Adayar village and falls under the Adayar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Alandur Road has changed

The guideline value of Alandur Road has seen several revisions over the years. In the 2007 revision, the value was set at Rs 2,500 per sq.ft. This increased significantly in the 2012 revision to Rs 5,500 per sq.ft, marking a rise of 120%. However, in the 2017 revision, the value decreased to Rs 3,685 per sq.ft, reflecting a decline of 33%. The 2023 revision brought the value back up to Rs 5,500 per sq.ft, and the most recent 2024 revision has set it at Rs 6,100 per sq.ft, which is an increase of 11% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 144%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Adayar

In Adayar village, there are 92 streets under the Adayar SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,100 per sq.ft, which matches the current value of Alandur Road.

• Ambadi Road: Rs 9,400 per sq.ft (2024)
• Ambethkar Street: Rs 3,300 per sq.ft (2024)
• Anchaneyar Kovil Street: Rs 5,000 per sq.ft (2024)
• Anna Salai: Rs 15,400 per sq.ft (2024)
• Anna Salai Lane: Rs 10,500 per sq.ft (2024)
• Arulalamman Pettai Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Alandur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alandur Road?

The Sub Registrar Office that covers Alandur Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Adayar. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are appropriately calculated based on this value.

When buying or selling property, both the buyer and seller must be aware of the guideline value as it affects the overall cost of the transaction. It is essential for ensuring compliance with local regulations and for the accurate assessment of taxes associated with property transactions.

Frequently asked questions

What is the current guideline value of Alandur Road?

The current guideline value of Alandur Road is Rs 6,100 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 2007 to Rs 6,100 per sq.ft in 2024, reflecting an overall increase of 144% over the years.

What is the stamp duty on property in Alandur Road?

The stamp duty on property in Alandur Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How many streets in Adayar have a guideline value?

There are 92 streets in Adayar under the Adayar SRO that carry a guideline value for the year 2024.