Guideline Value for Alayamaistry Street

Alayamaistry Street guideline value

The current guideline value of Alayamaistry Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Alayamaistry Street has changed

The guideline value of Alayamaistry Street has undergone several revisions over the years. The earliest recorded value was Rs 800 per sq.ft in 2007, which saw a significant increase to Rs 3,000 per sq.ft in 2012. However, this value decreased to Rs 2,010 per sq.ft in 2017. In 2023, the value rose to Rs 3,000 per sq.ft, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 313%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, indicating that Alayamaistry Street's 2024 figure is below this median.

• Alagiri Street: Rs 3,300 per sq.ft (2024)
• Alagirisamy Salai: Rs 7,700 per sq.ft (2024)
• Ambal Nagar: Rs 4,100 per sq.ft (2024)
• Ambedkar Salai: Rs 8,800 per sq.ft (2024)
• Amman Koil Street: Rs 5,500 per sq.ft (2024)
• Amman Koil Street (Saidapettai Salai): Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Alayamaistry Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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 Alayamaistry Street?

The Sub Registrar Office covering Alayamaistry Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value is referenced to ensure that the transaction is recorded accurately and that the appropriate fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Alayamaistry Street?

The current guideline value of Alayamaistry Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 313% over the years.

What is the land classification for Alayamaistry Street?

Alayamaistry Street is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Alayamaistry Street?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Alayamaistry Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.