Guideline Value for ALAGIRI NAGAR 5TH STREET

Alagiri Nagar 5th Street guideline value

The current guideline value of Alagiri Nagar 5th Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, and the land classification is Residential Special Type - III.

How the guideline value of Alagiri Nagar 5th Street has changed

The guideline value for Alagiri Nagar 5th Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 1,500 per sq.ft. This increased significantly to Rs 5,800 per sq.ft in 2012, marking a growth of 287%. However, between 2012 and 2017, the value decreased to Rs 3,886 per sq.ft, a drop of 33%. The value then rose to Rs 5,800 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 6,300 per sq.ft, a 9% increase from the previous year.

There are no recorded figures for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 320%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, making the current value of Alagiri Nagar 5th Street above this median.

• Alagiri Nagar 4th Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 6th Cross Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 3rd Street: Rs 6,300 per sq.ft (2024)
• ALAGIRI NAGAR 6TH CROSS STREET (Aravind Apt - 100feet Road): Rs 11,000 per sq.ft (2024)
• Alagiri Nagar 2nd Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 6th Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Alagiri Nagar 5th 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 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 more detailed calculations.

Which Sub Registrar Office covers Alagiri Nagar 5th Street?

The Sub Registrar Office that covers Alagiri Nagar 5th 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 more information.

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

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

When a property is registered, the guideline value is assessed to ensure that the transaction aligns with the official rates set by the government. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Alagiri Nagar 5th Street?

The current guideline value of Alagiri Nagar 5th 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, reflecting an overall increase of 320% over the years.

What are the other streets in Puliyur with similar guideline values?

Other streets in Puliyur with a guideline value of Rs 6,300 per sq.ft include Alagiri Nagar 4th Street, Alagiri Nagar 6th Cross Street, Alagiri Nagar 3rd Street, Alagiri Nagar 2nd Street, and Alagiri Nagar 6th Street.

What fees are associated with buying property in Alagiri Nagar 5th Street?

When buying property in Alagiri Nagar 5th Street, you will need to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Alagiri Nagar 5th Street?

The Kodambakkam Sub Registrar Office covers Alagiri Nagar 5th Street and is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.