Guideline Value for ALAGIRI NAGAR 6TH STREET

Alagiri Nagar 6th Street guideline value

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

How the guideline value of Alagiri Nagar 6th Street has changed

The guideline value for Alagiri Nagar 6th Street has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 5,800 per sq.ft in 2012, marking a rise of 287%. However, in 2017, the value dropped to Rs 3,886 per sq.ft, a decrease of 33%. The value then rebounded to Rs 5,800 per sq.ft in 2023, before reaching the current rate of Rs 6,300 per sq.ft in 2024, reflecting a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 320%. The register has no figures for the years 2002 and 2003 for this street.

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 guideline value in this area is Rs 5,800 per sq.ft, placing the current value of Alagiri Nagar 6th Street above this median.

• ALAGIRI NAGAR 6TH CROSS STREET (Aravind Apt - 100feet Road): Rs 11,000 per sq.ft (2024)
• Alagiri Nagar 7th Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 6th Cross Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar East Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 5th Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar Main Road: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Alagiri Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total cost for these fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Alagiri Nagar 6th Street?

The Alagiri Nagar 6th Street falls under the jurisdiction of 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 when buying or selling property in Puliyur. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When a buyer and seller agree on a sale price, the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. This ensures that the state government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alagiri Nagar 6th Street?

The current guideline value of Alagiri Nagar 6th Street is Rs 6,300 per sq.ft as per the 2024 revision.

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 is the stamp duty on property in Alagiri Nagar 6th Street?

The stamp duty on property in Alagiri Nagar 6th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Alagiri Nagar 6th Street?

The Sub Registrar Office covering Alagiri Nagar 6th Street is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification of Alagiri Nagar 6th Street?

Alagiri Nagar 6th Street is classified as Residential Special Type - III.