Guideline Value for ALAGIRI NAGAR 3RD STREET

Alagiri Nagar 3rd Street guideline value

The current guideline value of Alagiri Nagar 3rd Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Alagiri Nagar 3rd Street has changed

The guideline value of Alagiri Nagar 3rd Street has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased to Rs 5,800 per sq.ft in 2012. This was a significant rise of 287%. However, from 2012 to 2017, the value decreased to Rs 3,886 per sq.ft, reflecting a decline of 33%. The value then increased substantially to Rs 5,800 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 6,300 per sq.ft, a 9% increase from the previous year.

The register does not provide figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 320%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, making the 2024 figure for Alagiri Nagar 3rd Street above this median.

• Alagiri Nagar 2nd Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 4th Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 1st Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 5th Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 6th Cross Street: Rs 6,300 per sq.ft (2024)
• ALAGIRI NAGAR 6TH CROSS STREET (Aravind Apt - 100feet Road): Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Alagiri Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total to Rs 5,67,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alagiri Nagar 3rd Street?

The Sub Registrar Office that covers Alagiri Nagar 3rd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value at which property transactions can be registered. This ensures that the government receives the appropriate stamp duty and registration fees based on the guideline value.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the registration authorities will charge fees based on the guideline value instead. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Alagiri Nagar 3rd Street?

The current guideline value of Alagiri Nagar 3rd Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 320% over the years.

What are the other streets in Puliyur with the same guideline value?

Other streets in Puliyur that share the same guideline value of Rs 6,300 per sq.ft in 2024 include Alagiri Nagar 1st, 2nd, 4th, 5th, and 6th Cross Streets.

What is the registration fee for properties in Alagiri Nagar 3rd Street?

The registration fee for properties in Alagiri Nagar 3rd Street is calculated at 2% of the guideline value. For a plot valued at Rs 63,00,000, the registration fee would be Rs 1,26,000.

Where can I find more information about the Sub Registrar Office?

The Kodambakkam Sub Registrar Office covers Alagiri Nagar 3rd Street. You can find more information and locate your SRO through the provided link.