Guideline Value for Alathur Subramania Achary Street

Alathur Subramania Achary Street guideline value

The current guideline value of Alathur Subramania Achary Street is Rs 4,800 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO and is classified as Residential Class II Type - II.

How the guideline value of Alathur Subramania Achary Street has changed

The guideline value for Alathur Subramania Achary Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 350% increase. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, a drop of 33%. The following revisions saw a substantial increase, with the value rising to Rs 4,500 per sq.ft in 2023, and then to Rs 4,800 per sq.ft in 2024, reflecting a 7% increase.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 380%. There are no figures available in the register for the years 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value is Rs 4,800 per sq.ft, which is equal to the current guideline value of Alathur Subramania Achary Street.

• Anaikara Street: Rs 4,800 per sq.ft (2024)
• Anantha Krishna Iyer Street: Rs 4,800 per sq.ft (2024)
• Andiappa Naicker street: Rs 4,800 per sq.ft (2024)
• Appa rao Garden: Rs 8,800 per sq.ft (2024)
• Arani Muthaiya Mudali Street: Rs 4,800 per sq.ft (2024)
• Arimuthu Maistry street: Rs 4,800 per sq.ft (2024)

Stamp duty and registration fee for property in Alathur Subramania Achary Street

For a 1,000 sq.ft plot at the current rate of Rs 4,800 per sq.ft, the guideline value would be Rs 48,00,000. The stamp duty at 7% would amount to Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, totaling Rs 4,32,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Alathur Subramania Achary Street?

The Sub Registrar Office that covers Alathur Subramania Achary Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vepery. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Additionally, the guideline value helps ensure transparency and consistency in property transactions within the area. It is essential for both buyers and sellers to be familiar with the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Alathur Subramania Achary Street?

The current guideline value of Alathur Subramania Achary Street is Rs 4,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,800 per sq.ft in 2024, reflecting an overall increase of 380%.

What is the stamp duty rate for property in Alathur Subramania Achary Street?

The stamp duty rate for property transactions in Alathur Subramania Achary Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Alathur Subramania Achary Street?

The Sub Registrar Office for Alathur Subramania Achary Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Alathur Subramania Achary Street?

Alathur Subramania Achary Street is classified as Residential Class II Type - II.