Guideline Value for ALAGIRI NAGAR 7TH STREET

Alagiri Nagar 7th Street guideline value

The current guideline value of Alagiri Nagar 7th Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the jurisdiction of the Kodambakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of Alagiri Nagar 7th Street has changed

Over the years, the guideline value for Alagiri Nagar 7th Street has seen significant changes. The 2007 revision recorded a value of Rs 1,500 per sq.ft, which increased to Rs 5,800 per sq.ft in 2012. However, this figure dropped to Rs 3,886 per sq.ft in 2017, marking a decrease of 33%. The value then surged to Rs 5,800 per sq.ft in 2023, before reaching the current guideline value of Rs 6,300 per sq.ft in 2024, reflecting a 9% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has risen by 320%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, 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 across these streets is Rs 5,800 per sq.ft, placing Alagiri Nagar 7th Street's 2024 guideline value above this median.

• Alagiri Nagar 6th Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar East 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 Main Road: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 6th Cross Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 5th Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Alagiri Nagar 7th 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 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alagiri Nagar 7th Street?

The Sub Registrar Office that covers Alagiri Nagar 7th 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 property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the fees, which are essential for the legal transfer of ownership. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Alagiri Nagar 7th Street?

The current guideline value of Alagiri Nagar 7th 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 increased 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 is the land classification for Alagiri Nagar 7th Street?

Alagiri Nagar 7th Street is classified as Residential Special Type - III.

Where can I find the Kodambakkam Sub Registrar Office?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 63,00,000 would incur a stamp duty of Rs 4,41,000 at a rate of 7%.