Guideline Value for Alphonse Avenue

Alphonse Avenue guideline value

The current guideline value of Alphonse Avenue is Rs 605 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Alphonse Avenue has changed

The guideline value for Alphonse Avenue has seen several revisions over the years. In the 2012 revision, the value was set at Rs 400 per sq.ft. This increased to Rs 402 per sq.ft in 2017, marking a slight rise of 1%. The most significant change occurred between the 2017 and 2023 revisions, where the value jumped to Rs 600 per sq.ft, reflecting a 49% increase. The latest revision in 2024 has set the value at Rs 605 per sq.ft, a 1% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Alphonse Avenue. Overall, from 2012 to 2024, the guideline value has increased by 51%.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Alphonse Avenue's 2024 figure above this median.

• Amavasai Pattai: Rs 450 per sq.ft (2024)
• A.J Nagar: Rs 600 per sq.ft (2024)
• A.J Garden: Rs 600 per sq.ft (2024)
• Anandam Kabaleeswarar Co-Operative Nagar: Rs 600 per sq.ft (2024)
• Angalamman Kovil Street: Rs 600 per sq.ft (2024)
• Aachariyar Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Alphonse Avenue

For a 1,000 sq.ft plot at the current rate of Rs 605 per sq.ft, the guideline value would be Rs 6,05,000. The stamp duty at 7% would amount to Rs 42,350, and the registration fee at 2% would be Rs 12,100, bringing the total to Rs 54,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alphonse Avenue?

The Sub Registrar Office that covers Alphonse Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Alphonse Avenue?

The current guideline value of Alphonse Avenue is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2012 to Rs 605 per sq.ft in 2024, marking a total increase of 51% over this period.

What is the land classification for Alphonse Avenue?

Alphonse Avenue is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Alphonse Avenue located?

The Sub Registrar Office covering Alphonse Avenue is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Molachoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 6,05,000, the stamp duty would be calculated on this amount, along with the registration fees.