Guideline Value for A.L.N. Layout

A.L.N. Layout guideline value

The current guideline value for A.L.N. Layout in Kavanur village is Rs 600 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of A.L.N. Layout has changed

The guideline value for A.L.N. Layout has seen several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 300% increase. However, in 2017, the value adjusted down to Rs 402 per sq.ft, a decrease of 33%. The value then rose again to Rs 600 per sq.ft in 2023, remaining unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, and from 2007 to 2024, it has overall increased by 300%. The revisions for the years 2002 and 2003 do not have a recorded figure for this street.

Guideline values in Kavanur

Kavanur village has 109 streets under the Gooduvancheri SRO with a 2024 guideline value range from Rs 500 to Rs 2,239 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing A.L.N. Layout's 2024 figure below that median.

• Agastheeswarar Nagar: Rs 804 per sq.ft (2024)
• Ashthalakshmi Nagar: Rs 800 per sq.ft (2024)
• Ask Enclave: Rs 600 per sq.ft (2024)
• Ask Enclave Phase -I: Rs 800 per sq.ft (2024)
• BSNL Avenue: Rs 600 per sq.ft (2024)
• CEE.PAA.Athithanar Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in A.L.N. Layout

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.L.N. Layout?

The A.L.N. Layout is covered by the Gooduvancheri Sub Registrar Office located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Kavanur, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which the property can be registered.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost involved in the transaction. The registration process will require payment of duties based on this value, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of A.L.N. Layout?

The current guideline value of A.L.N. Layout is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 600 per sq.ft in both 2023 and 2024. It was Rs 402 per sq.ft in 2017 and Rs 150 per sq.ft in 2007.

What is the median guideline value for streets in Kavanur?

The median guideline value for streets in Kavanur is Rs 800 per sq.ft, with A.L.N. Layout's current value being below this median.

What are the stamp duty and registration fees for A.L.N. Layout?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 54,000, calculated based on the guideline value of Rs 6,00,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.