Guideline Value for Alladi Krishnasamy Street

Alladi Krishnasamy Street guideline value

The current guideline value of Alladi Krishnasamy Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Alladi Krishnasamy Street has changed

In the 2007 revision, the guideline value was Rs 450 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in the 2012 revision, marking a 189% rise. However, in the 2017 revision, the value decreased to Rs 871 per sq.ft, which represented a decline of 33%. The 2023 revision saw a substantial increase to Rs 1,300 per sq.ft, followed by another rise to the current value of Rs 1,400 per sq.ft in 2024, reflecting an 8% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 211%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that Alladi Krishnasamy Street's 2024 figure is below this median.

• Albert Ponnusamy Street: Rs 1,100 per sq.ft (2024)
• Ambedkar 1st Cross Street: Rs 1,100 per sq.ft (2024)
• Ambedkar 1st Street: Rs 1,100 per sq.ft (2024)
• Ambedkar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Ambedkar 2nd Street: Rs 1,100 per sq.ft (2024)
• Ambedkar 3rd Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Alladi Krishnasamy Street

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. It is important to note that 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 details.

Which Sub Registrar Office covers Alladi Krishnasamy Street?

The Sub Registrar Office that covers Alladi Krishnasamy 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 Selaiyur

The guideline value is a crucial factor during the registration of property transactions in Selaiyur. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for property transfers.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Alladi Krishnasamy Street?

The current guideline value of Alladi Krishnasamy Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 450 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, representing a 211% overall increase.

What is the land classification of Alladi Krishnasamy Street?

Alladi Krishnasamy Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which Sub Registrar Office handles transactions for this street?

The Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, handles transactions for Alladi Krishnasamy Street.