Guideline Value for A.L.Nagar

A.L.Nagar guideline value

The current guideline value of A.L.Nagar is Rs 800 per sq.ft, as per the 2023 revision. This area is located in Keerapakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of A.L.Nagar has changed

Over the years, the guideline value of A.L.Nagar has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision. In the 2017 revision, the value dropped to Rs 536 per sq.ft, marking a decrease of 33%. However, the 2023 revision saw a significant increase of 49%, bringing the value back up to Rs 800 per sq.ft.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 800 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Keerapakkam

Currently, there are no specific village figures available for Keerapakkam. A.L.Nagar is one of the streets covered under the Gooduvancheri SRO. Unfortunately, there are no other streets in Keerapakkam listed with guideline values.

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

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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 A.L.Nagar?

The Sub Registrar Office that covers A.L.Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an important factor in the registration process when buying or selling property in Keerapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the registration fees are calculated accurately. This ensures compliance with local regulations and helps in the smooth transfer of property ownership.

Frequently asked questions

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

The current guideline value of A.L.Nagar is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then back to Rs 800 per sq.ft in 2023, showing a significant increase of 49% from 2017 to 2023.

What is the land classification of A.L.Nagar?

A.L.Nagar is classified as Residential Special Type - III, indicating its designation for residential purposes within the area.

Where is the Gooduvancheri SRO located?

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

How is stamp duty calculated in A.L.Nagar?

Stamp duty in A.L.Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at a rate of 7%.