Guideline Value for A.L.S.PURAM PART IV

A.L.S.Puram Part IV guideline value

The current guideline value for A.L.S.Puram Part IV is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Kayirambedu village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of A.L.S.Puram Part IV has changed

Over the years, the guideline value for A.L.S.Puram Part IV has seen several revisions. The 2007 revision set the value at Rs 215 per sq.ft, which increased to Rs 700 per sq.ft in 2012. This was a significant jump of 226%. However, the 2017 revision saw a decrease to Rs 469 per sq.ft, marking a decline of 33%. The value then rose to Rs 700 per sq.ft in 2023 and remained unchanged in the 2024 revision, reflecting a 49% increase from 2017 to 2023.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 226%.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 400 to Rs 3,550 per sq.ft. The median value is Rs 700 per sq.ft, which matches the 2024 figure for A.L.S.Puram Part IV.

• Anandam Avenue: Rs 900 per sq.ft (2024)
• Abd Grand Castle: Rs 2,389 per sq.ft (2024)
• Avp Kanagam Avenue: Rs 1,600 per sq.ft (2024)
• Avp Kanagam Avenue Phase - I: Rs 2,389 per sq.ft (2024)
• Avvai Nagar: Rs 700 per sq.ft (2024)
• Baby Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in A.L.S.Puram Part IV

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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.S.Puram Part IV?

The A.L.S.Puram Part IV area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kayirambedu. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the transaction is transparent and that the values reflect the current market conditions as per the official register.

Frequently asked questions

What is the current guideline value for A.L.S.Puram Part IV?

The current guideline value for A.L.S.Puram Part IV is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 700 per sq.ft in both 2023 and 2024. It was Rs 469 per sq.ft in 2017 and Rs 215 per sq.ft in 2007.

What is the land classification for A.L.S.Puram Part IV?

A.L.S.Puram Part IV is classified as Residential Special Type - II, which indicates its suitability for residential development.

How is stamp duty calculated for properties in A.L.S.Puram Part IV?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000 at 7%.

Where is the Sub Registrar Office for A.L.S.Puram Part IV located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.