Guideline Value for A.L.S.Nagar

A.L.S.Nagar guideline value

The current guideline value of A.L.S.Nagar, located in Mudichur village under the Padappai SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

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

The guideline value for A.L.S.Nagar has seen significant changes over the years. In 2007, the value was Rs 150 per sq.ft. This increased dramatically to Rs 1,600 per sq.ft in 2012, marking a rise of 967%. However, from 2012 to 2017, the value decreased to Rs 1,072 per sq.ft, a drop of 33%. The next revision in 2023 set the value at Rs 1,600 per sq.ft, which then increased to Rs 1,760 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 1,073%.

Guideline values in Mudichur

Mudichur village has 135 streets under the Padappai SRO, with guideline values for 2024 ranging from Rs 880 to Rs 4,000 per sq.ft. The median value is Rs 2,200 per sq.ft, indicating that A.L.S.Nagar's 2024 figure is below this median.

• A.L.S. Greenland: Rs 1,210 per sq.ft (2024)
• Alamelu Nagar: Rs 1,210 per sq.ft (2024)
• Ambedhkar Nagar: Rs 1,210 per sq.ft (2024)
• Ambedkar Street, S.No.72/1 Natham: Rs 3,630 per sq.ft (2024)
• Amudham Nagar: Rs 2,200 per sq.ft (2024)
• Adhimoolar Street: Rs 1,210 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 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, resulting in a total of Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or 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?

A.L.S.Nagar falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mudichur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

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. 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 A.L.S.Nagar?

The current guideline value of A.L.S.Nagar is Rs 1,760 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 150 per sq.ft in 2007 to Rs 1,760 per sq.ft in 2024, showing an overall increase of 1,073%.

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

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office covers A.L.S.Nagar?

A.L.S.Nagar is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for A.L.S.Nagar?

A.L.S.Nagar is classified under Residential Class I Type - I, indicating its suitability for residential development.