Guideline Value for Alisayubu street

Alisayubu street guideline value

The current guideline value of Alisayubu street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Alisayubu street has changed

The guideline value for Alisayubu street has seen significant changes over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 400%. However, it decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The changes between the revisions indicate a fluctuating market, with the most recent figures aligning with the median value of Rs 2,200 per sq.ft for the village.

Guideline values in Poonthamallee

In Poonthamallee, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the current guideline value for Alisayubu street.

• Ambedkar street: Rs 2,200 per sq.ft (2024)
• Amman koil street: Rs 2,200 per sq.ft (2024)
• Ammankoil street east & west: Rs 2,200 per sq.ft (2024)
• Adthavan Nagar: Rs 2,200 per sq.ft (2024)
• Abdulla vahab sahyub street: Rs 2,200 per sq.ft (2024)
• Abdulla sahib street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Alisayubu street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 further calculations.

Which Sub Registrar Office covers Alisayubu street?

The Sub Registrar Office covering Alisayubu street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Poonthamallee. It is used to determine the stamp duty and registration fees that are payable during the registration of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is typically compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alisayubu street?

The current guideline value of Alisayubu street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What are the stamp duty and registration fees for property in Alisayubu street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Alisayubu street?

The Poonamallee Sub Registrar Office handles registrations for Alisayubu street, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What is the land classification for Alisayubu street?

Alisayubu street is classified as Residential Class II Type - I, indicating its designation for residential use within the Poonamallee area.