Guideline Value for Allikulam Street

Allikulam Street guideline value

The current guideline value of Allikulam Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village, under the Tambaram Joint 1 SRO, and is classified as Residential Class II Type - I.

How the guideline value of Allikulam Street has changed

The guideline value for Allikulam Street has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was later revised to Rs 268 per sq.ft in 2017, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 400 per sq.ft, and the latest revision in 2024 has set it at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 400 in 2012 to Rs 440 in 2024, an overall increase of 10%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for Allikulam Street.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft as of 2024. The median value for these streets is Rs 830 per sq.ft, indicating that Allikulam Street's 2024 guideline value is below the median.

• Ambedkar Street: Rs 440 per sq.ft (2024)
• Ambethkar Main Road: Rs 550 per sq.ft (2024)
• Agaram Main Road: Rs 990 per sq.ft (2024)
• Anna Cross Street: Rs 550 per sq.ft (2024)
• Annai Sathiya 1st Main Road: Rs 830 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Main Road: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Allikulam Street

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. 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 details.

Which Sub Registrar Office covers Allikulam Street?

The Sub Registrar Office that covers Allikulam Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Agaramthen

The guideline value is a critical factor in property transactions in Agaramthen. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

During the registration process, the guideline value ensures that the transaction is recorded at a fair value, thereby safeguarding the interests of both buyers and sellers. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration.

Frequently asked questions

What is the current guideline value of Allikulam Street?

The current guideline value of Allikulam Street is Rs 440 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 in 2012 to Rs 268 in 2017, then back to Rs 400 in 2023, and finally to Rs 440 in 2024. This reflects an overall increase of 10% from the 2012 figure.

What is the land classification of Allikulam Street?

Allikulam Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

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

The Sub Registrar Office for Allikulam Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Allikulam Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000, leading to specific stamp duty and registration fees.