Guideline Value for ALAGIRI NAGAR MAIN ROAD

Alagiri Nagar Main Road guideline value

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

How the guideline value of Alagiri Nagar Main Road has changed

The guideline value for Alagiri Nagar Main Road has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 1,650 per sq.ft. This increased significantly to Rs 5,800 per sq.ft in 2012, marking a rise of 252%. However, from 2012 to 2017, the value decreased to Rs 3,886 per sq.ft, a drop of 33%. The most recent revision in 2024 shows a substantial increase to Rs 6,300 per sq.ft, which is a 62% rise from the 2017 figure.

It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 282%.

Guideline values in Puliyur

In Puliyur village, 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 for these streets is Rs 5,800 per sq.ft, making the 2024 guideline value of Alagiri Nagar Main Road above this median.

• Alagiri Nagar East Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 7th Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 6th Street: Rs 6,300 per sq.ft (2024)
• Alagiri Puram 1st Street: Rs 4,400 per sq.ft (2024)
• ALAGIRI NAGAR 6TH CROSS STREET (Aravind Apt - 100feet Road): Rs 11,000 per sq.ft (2024)
• Alagiri Puram 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Alagiri Nagar Main Road

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 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alagiri Nagar Main Road?

The Sub Registrar Office that covers Alagiri Nagar Main Road 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 for property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps establish a fair price for the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Alagiri Nagar Main Road?

The current guideline value of Alagiri Nagar Main Road 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 significantly from Rs 1,650 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, showing an overall increase of 282%.

What is the land classification for Alagiri Nagar Main Road?

Alagiri Nagar Main Road is classified as Residential Special Type - III.

Where is the Kodambakkam Sub Registrar Office located?

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

How is stamp duty calculated for property transactions?

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