Guideline Value for ALAGAR SAMAY ST

Alagar Samay St guideline value

The current guideline value of Alagar Samay St in Paleripattu village under the Avadi SRO is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Alagar Samay St has changed

The guideline value for Alagar Samay St has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, and the most recent 2024 revision has raised it further to Rs 990 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2017 to 2023 revision, the guideline value increased by 49%, while the change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which is the same as the current value for Alagar Samay St.

• Ambedkar St: Rs 990 per sq.ft (2024)
• Anandha Nagar (Pudhu Nagar): Rs 990 per sq.ft (2024)
• Andal Nagar: Rs 880 per sq.ft (2024)
• Annappar St: Rs 990 per sq.ft (2024)
• Anna St: Rs 990 per sq.ft (2024)
• Articial Road: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Alagar Samay St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, resulting in a total of Rs 89,100 for these charges. It is important to note that the 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 a more precise calculation based on your property's sale price.

Which Sub Registrar Office covers Alagar Samay St?

The Sub Registrar Office that covers Alagar Samay St is the Avadi Sub Registrar Office. The address is 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 Paleripattu

The guideline value is a crucial factor when registering property transactions in Paleripattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential to note that the registration fees and stamp duty are calculated based on this guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Alagar Samay St?

The current guideline value of Alagar Samay St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Alagar Samay St?

Alagar Samay St falls under the Residential Class II Type - I land classification.

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

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles registrations for Alagar Samay St?

The Avadi Sub Registrar Office handles registrations for Alagar Samay St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.