Guideline Value

Corporate

Guideline Value for Alwarpet 1st Lane

₹8700/sq.ft.

The guideline value for Alwarpet 1st Lane in Mylapore Part 2 village (Chennai Central Joint I SRO, Chennai zone) is Rs 8700 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 2

Village

Chennai Central Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹8700 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Alwarpet 1st Lane

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Alwarpet 1st Lane guideline value

The current guideline value of Alwarpet 1st Lane is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village, under the Chennai Central Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Alwarpet 1st Lane has changed

In the 2023 revision, the guideline value for Alwarpet 1st Lane was Rs 8,000 per sq.ft. The 2024 revision shows an increase of 9%, bringing the current value to Rs 8,700 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

The changes from the 2023 to 2024 revision indicate a notable adjustment in the guideline value, reflecting the latest assessment. As of now, the guideline value stands at Rs 8,700 per sq.ft, which is an increase from the previous year.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that have a guideline value for 2024, ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, positioning Alwarpet 1st Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Alwarpet 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value would be Rs 87,00,000. The stamp duty at 7% would be Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, bringing the total cost to Rs 7,83,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alwarpet 1st Lane?

The Sub Registrar Office that covers Alwarpet 1st Lane is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 2. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Alwarpet 1st Lane?

The current guideline value of Alwarpet 1st Lane is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

In 2023, the guideline value was Rs 8,000 per sq.ft, which increased by 9% to Rs 8,700 per sq.ft in 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Mylapore Part 2?

The median guideline value for streets in Mylapore Part 2 is Rs 8,800 per sq.ft. Alwarpet 1st Lane's 2024 figure is below this median.

What are the stamp duty and registration fees for a property in Alwarpet 1st Lane?

For a 1,000 sq.ft property at the guideline value of Rs 8,700 per sq.ft, the total guideline value is Rs 87,00,000. The stamp duty would be Rs 6,09,000 and the registration fee would be Rs 1,74,000, totaling Rs 7,83,000.

Which office handles registrations for Alwarpet 1st Lane?

The Chennai Central Joint I Sub Registrar Office handles registrations for Alwarpet 1st Lane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.