Guideline Value for AALAM @ NEMAM

Aalam @ Nemam guideline value

The current guideline value of Aalam @ Nemam is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Nemam_B village, under the Avadi SRO, and is classified as Residential Special Type - II.

How the guideline value of Aalam @ Nemam has changed

The guideline value for Aalam @ Nemam has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from Rs 1,000 per sq.ft in the 2023 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the last recorded figure was Rs 1,000 per sq.ft in 2023. The 2024 revision indicates a positive change in the guideline value, moving from Rs 1,000 to Rs 1,100 per sq.ft. The register does not provide any figures for the earlier years mentioned.

Guideline values in Nemam_B

In the Nemam_B village, there are 24 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 3,500 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing Aalam @ Nemam's 2024 figure above that median.

• Aalayam: Rs 1,650 per sq.ft (2024)
• Ashok Brindavanam Phase II: Rs 770 per sq.ft (2024)
• Ashok Brindavanam Phase III: Rs 770 per sq.ft (2024)
• Ashok Brindavanam Phase - IV: Rs 1,310 per sq.ft (2024)
• Ashok Brindhavanam: Rs 770 per sq.ft (2024)
• Glorious City: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Aalam @ Nemam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aalam @ Nemam?

The Aalam @ Nemam property falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is used to calculate the fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction. It is essential to consult the guideline value to understand the costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Aalam @ Nemam?

The current guideline value of Aalam @ Nemam is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, marking a 10% rise.

What is the land classification for Aalam @ Nemam?

Aalam @ Nemam is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the registration office for Aalam @ Nemam?

The registration office for Aalam @ Nemam is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Aalam @ Nemam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at a rate of 7%.