Guideline Value for Alcherry Main Road

Alcherry Main Road guideline value

The current guideline value of Alcherry Main Road is Rs 990 per sq.ft, effective from 1 July 2024. This road is located in Kannampalayam village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Alcherry Main Road has changed

Over the years, the guideline value of Alcherry Main Road has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 900 per sq.ft in the 2023 revision, and currently stands at Rs 990 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The transition from 2023 to 2024 reflects a 10% increase, leading to an overall increase of 10% from 2012 to 2024.

Guideline values in Kannampalayam

In Kannampalayam, there are 75 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 765 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, making Alcherry Main Road's current value below that median.

• Ambal Green City: Rs 880 per sq.ft (2024)
• Ambal Green City Extension: Rs 880 per sq.ft (2024)
• Adhithra Garden: Rs 1,540 per sq.ft (2024)
• Annai Indra Gandhi Nagar: Rs 880 per sq.ft (2024)
• Annai Nagar Phase-I: Rs 1,970 per sq.ft (2024)
• Annai Nagar Phase II: Rs 1,970 per sq.ft (2024)

Stamp duty and registration fee for property in Alcherry Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It is important to note that the 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 information.

Which Sub Registrar Office covers Alcherry Main Road?

The Alcherry Main Road falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Kannampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Both buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps establish the minimum price at which the property can be registered. This ensures that the government receives appropriate revenue through stamp duty and registration fees based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Alcherry Main Road?

The current guideline value of Alcherry Main Road is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Alcherry Main Road?

Alcherry Main Road is classified as Residential Special Type - II.

What is the median guideline value for streets in Kannampalayam?

The median guideline value for streets in Kannampalayam is Rs 1,375 per sq.ft, making Alcherry Main Road's value below this median.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.