Guideline Value for ALA Garden

ALA Garden guideline value

The current guideline value of ALA Garden, located in Karasangal village under the Sriperumpudur SRO, is Rs 1,500 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Mixed Special Type - I.

How the guideline value of ALA Garden has changed

Over the years, the guideline value of ALA Garden has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was recorded at Rs 1,005 per sq.ft. The value then increased significantly by 49% to Rs 1,500 per sq.ft in the 2023 revision. The current 2024 revision maintains this figure at Rs 1,500 per sq.ft, indicating no change from the previous year.

Notably, there are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable, showing a 0% change.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 3,550 per sq.ft, with a median value of Rs 402 per sq.ft. ALA Garden's guideline value is above this median, reflecting its position within the local market.

• Amman Nagar: Rs 600 per sq.ft (2024)
• Aadi Athivaradar Avenue: Rs 3,000 per sq.ft (2024)
• Annai Therasa street: Rs 250 per sq.ft (2024)
• A.R.K.Nagar: Rs 800 per sq.ft (2024)
• A.S.Nagar: Rs 800 per sq.ft (2024)
• Bhasyam Ayyankar Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in ALA Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers ALA Garden?

ALA Garden falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Karasangal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the official worth of the property. It is essential to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of ALA Garden?

The current guideline value of ALA Garden is Rs 1,500 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft since 2012, with a notable increase of 49% from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the land classification for ALA Garden?

ALA Garden is classified as Mixed Special Type - I, which indicates the type of development and usage permitted in the area.

What are the stamp duty and registration fees for property in ALA Garden?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for ALA Garden located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles the registration of properties in ALA Garden.