Guideline Value for AALAYAM

Aalayam guideline value

The current guideline value for Aalayam in Nemam_B village is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Avadi Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of Aalayam has changed

The guideline value for Aalayam has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,500 per sq.ft, and in the latest 2024 revision, it increased to Rs 1,650 per sq.ft, marking a change of +10%.

With the 2024 revision, Aalayam's guideline value is now above the median of Rs 935 per sq.ft for the 24 streets in Nemam_B under the Avadi SRO, which range from Rs 330 to Rs 3,500 per sq.ft.

Guideline values in Nemam_B

In Nemam_B, there are 24 streets with varying guideline values. Aalayam's current value of Rs 1,650 per sq.ft is higher than the median value for the area. Below are the guideline values for other streets in Nemam_B:

• Aalam @ Nemam: Rs 1,100 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 Aalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that 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 Aalayam?

The Aalayam area is covered by 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 additional information.

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

The guideline value is a crucial factor in property transactions in Nemam_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value will be used to calculate the applicable fees and duties, ensuring that both the buyer and seller adhere to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Aalayam?

The current guideline value of Aalayam is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Aalayam has increased from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, showing a change of +10%. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Aalayam?

Aalayam is classified as Commercial Class I Type - I under the Avadi SRO.

What are the registration fees for property in Aalayam?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,48,500.

Where is the Avadi Sub Registrar Office located?

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