Guideline Value for AALIN NAGAR

Aalin Nagar guideline value

The current guideline value of Aalin Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Mylapur village and falls under the Oothukkottai SRO, classified as Residential Class I Type - I.

How the guideline value of Aalin Nagar has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 100 per sq.ft. The 2024 revision also maintains this value at Rs 100 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 100 per sq.ft.

Guideline values in Mylapur

In Mylapur, there are 10 streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median guideline value for these streets is also Rs 100 per sq.ft, placing Aalin Nagar at this median value.

• Arunachala Nagar: Rs 100 per sq.ft (2024)
• Balaji Nagar: Rs 100 per sq.ft (2024)
• Jothi Nagar: Rs 100 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 100 per sq.ft (2024)
• Sri Vaari Nagar: Rs 100 per sq.ft (2024)
• Venkateswara Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Aalin Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total charges Rs 9,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aalin Nagar?

Aalin Nagar is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Aalin Nagar?

The current guideline value of Aalin Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a decrease to Rs 67 per sq.ft in 2017, followed by an increase back to Rs 100 per sq.ft in 2023.

Which Sub Registrar Office should I visit for Aalin Nagar?

You should visit the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone.

What are the stamp duty and registration fees for property in Aalin Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Are there other streets in Mylapur with the same guideline value?

Yes, there are several other streets in Mylapur that also have a guideline value of Rs 100 per sq.ft for 2024, including Arunachala Nagar, Balaji Nagar, Jothi Nagar, Sri Padmavathi Nagar, Sri Vaari Nagar, and Venkateswara Nagar.