Guideline Value for Hussain Subedar Street

Hussain Subedar Street guideline value

The current guideline value of Hussain Subedar Street is Rs 4,400 per sq.ft. This street is located in Alandur village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Hussain Subedar Street has changed

The guideline value for Hussain Subedar Street has undergone several revisions over the years. In 2002, the value was Rs 374 per sq.ft, which increased to Rs 406 per sq.ft in 2003. The value saw a significant rise to Rs 1,000 per sq.ft in 2007, followed by a jump to Rs 4,000 per sq.ft in 2012. However, it dropped to Rs 2,680 per sq.ft in 2017. The most recent revisions show the value at Rs 4,000 per sq.ft in 2023, and it has now increased to Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,076%. The register does not have figures for the years in between the revisions mentioned.

Guideline values in Alandur

In Alandur, there are 40 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 3,900 to Rs 11,000 per sq.ft, with a median value of Rs 5,000 per sq.ft. Hussain Subedar Street's 2024 guideline value is below this median.

• Ibrahim Street: Rs 4,400 per sq.ft (2024)
• Gurupax Street: Rs 4,400 per sq.ft (2024)
• G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET: Rs 11,000 per sq.ft (2024)
• G.S.T. Road/mount road: Rs 11,000 per sq.ft (2024)
• Jal Naiken Street: Rs 4,400 per sq.ft (2024)
• Jilani sayabu Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Hussain Subedar Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 Hussain Subedar Street?

The Sub Registrar Office that covers Hussain Subedar Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for further assistance.

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

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

When a property is registered, the guideline value is compared to 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 Hussain Subedar Street?

The current guideline value of Hussain Subedar Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 374 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 1,076% over the years.

What is the land classification of Hussain Subedar Street?

Hussain Subedar Street is classified as Residential Class I Type - III.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Hussain Subedar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,400 per sq.ft, the total stamp duty would be Rs 3,08,000 at 7% of the guideline value.