Guideline Value for Alavattamman Koil Street

Alavattamman Koil Street guideline value

The current guideline value of Alavattamman Koil Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Alavattamman Koil Street has changed

The guideline value for Alavattamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,206 per sq.ft. Following this, there was a significant increase to Rs 1,800 per sq.ft in the 2023 revision, and the current value is now Rs 1,900 per sq.ft from the 2024 revision, marking a 6% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the overall change from 2012 to 2024 shows a modest increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO, with 2024 guideline values ranging from Rs 850 to Rs 5,000 per sq.ft. The median value is Rs 2,150 per sq.ft, placing Alavattamman Koil Street's current value below this median.

• Ambedkar Cross Street: Rs 1,900 per sq.ft (2024)
• Ambedkar Street: Rs 1,900 per sq.ft (2024)
• Agananooru Street: Rs 1,600 per sq.ft (2024)
• Anjaneyar Koil Sannathy Street North: Rs 1,300 per sq.ft (2024)
• Anjaneyar Koil Sannathy Street South: Rs 1,300 per sq.ft (2024)
• Anna 1st Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Alavattamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. 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 Alavattamman Koil Street?

The Sub Registrar Office that covers Alavattamman Koil 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 Rajakilpakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the higher of the guideline value or the sale price is used to calculate the applicable duties. This ensures that the registration reflects a fair value based on the official guideline set by the authorities.

Frequently asked questions

What is the current guideline value of Alavattamman Koil Street?

The current guideline value of Alavattamman Koil Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,900 per sq.ft in 2024.

What is the registration office for Alavattamman Koil Street?

The registration office for Alavattamman Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What are the stamp duty rates in Tamil Nadu?

The stamp duty rate in Tamil Nadu is generally 7% of the guideline value or sale price, whichever is higher, while the registration fee is typically 2% of the guideline value or sale price.

How is the guideline value determined for streets in Rajakilpakkam?

The guideline value for streets in Rajakilpakkam is determined by the Registration Department and varies based on several factors, including location and land classification. The values are revised periodically, with the latest revision effective from 1 July 2024.