Guideline Value for A L S Nagar

A L S Nagar guideline value

The current guideline value of A L S Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of A L S Nagar has changed

The guideline value for A L S Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which remained unchanged at Rs 700 per sq.ft in the 2023 revision. The most recent revision in 2024 also maintains the value at Rs 700 per sq.ft, indicating no percentage change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by 49%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for A L S Nagar. Thus, the only revisions with figures are from 2017, 2023, and 2024, showing a consistent value of Rs 700 per sq.ft since 2023.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which aligns with the guideline value of A L S Nagar.

• Alamel Avenue: Rs 800 per sq.ft (2024)
• Akshaya Town: Rs 1,000 per sq.ft (2024)
• Ahamed Moideeen Street: Rs 1,200 per sq.ft (2024)
• Agobilamada Lane: Rs 700 per sq.ft (2024)
• American NRI City: Rs 1,000 per sq.ft (2024)
• Amman Avenue: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in A L S Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A L S Nagar?

The Sub Registrar Office that covers A L S Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Sriperumbudur A, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

Additionally, the guideline value affects the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed according to the established rates.

Frequently asked questions

What is the current guideline value of A L S Nagar?

The current guideline value of A L S Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for property in A L S Nagar?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 63,000.

Which Sub Registrar Office covers A L S Nagar?

The Sriperumpudur Sub Registrar Office covers A L S Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification of A L S Nagar?

A L S Nagar is classified as Residential Class III Type - I, indicating its suitability for residential purposes within the area.