Guideline Value for ALAGAPPAN ST

Alagappan St guideline value

The current guideline value of Alagappan St in Mitnamalle village is Rs 802 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Alagappan St has changed

Over the years, the guideline value of Alagappan St has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. In 2023, the value increased to Rs 600 per sq.ft, and the most recent 2024 revision brought it to Rs 802 per sq.ft, marking a 34% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the overall change from 2012 to 2024 reflects an increase of 34%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft, with the median value being Rs 802 per sq.ft. The guideline value for Alagappan St matches this median.

• Ambedkar St: Rs 802 per sq.ft (2024)
• Anna Complex: Rs 802 per sq.ft (2024)
• Bajanai Koil St: Rs 802 per sq.ft (2024)
• Balaji Avenue: Rs 802 per sq.ft (2024)
• Bharath Avenue: Rs 802 per sq.ft (2024)
• Bharathi Nagar: Rs 802 per sq.ft (2024)

Stamp duty and registration fee for property in Alagappan St

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value amounts to Rs 8,02,000. The stamp duty at 7% would be Rs 56,140, and the registration fee at 2% would be Rs 16,040, bringing the total cost for these fees to Rs 72,180. 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 calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alagappan St?

The Alagappan St falls under 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 details.

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

The guideline value is an essential factor in the registration process of property transactions in Mitnamalle. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value according to local regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency and compliance with the legal requirements set by the authorities in Tamil Nadu.

Frequently asked questions

What is the current guideline value of Alagappan St?

The current guideline value of Alagappan St is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 802 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

What are the stamp duty and registration fees for property in Alagappan St?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 72,180 based on the current guideline value.

Which office handles the registration for Alagappan St?

The Avadi Sub Registrar Office handles the registration for Alagappan St, located in Thandurai Village, Avadi Taluk, Tiruvallur District.

What is the land classification of Alagappan St?

Alagappan St is classified as Residential Class II Type - I, indicating its designation for residential use as per local regulations.