Guideline Value for ALAMELU AMMAL CROSS STREET

Alamelu Ammal Cross Street guideline value

The current guideline value of Alamelu Ammal Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village under the Manavalanagar SRO, classified as Commercial Class I Type - III.

How the guideline value of Alamelu Ammal Cross Street has changed

The guideline value for Alamelu Ammal Cross Street has seen several revisions over the years. In 2007, the guideline value was set at Rs 150 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, it then decreased to Rs 871 per sq.ft in 2017. The value remained at Rs 1,300 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The significant jump from 2007 to 2012 was an increase of 767%. Overall, from 2007 to 2024, the guideline value has increased by 767%, reflecting a substantial rise over the years.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,000 per sq.ft. The median value of these streets is Rs 1,000 per sq.ft, placing Alamelu Ammal Cross Street's 2024 value above the median.

• Alamelu Ammal Street: Rs 1,300 per sq.ft (2024)
• Adhiyamaan Street: Rs 1,300 per sq.ft (2024)
• Adhigathur Road: Rs 500 per sq.ft (2024)
• Amman Street: Rs 800 per sq.ft (2024)
• Anbazhagan Street: Rs 1,300 per sq.ft (2024)
• Aasiriyar Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelu Ammal Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, resulting in a total of Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Alamelu Ammal Cross Street?

The Sub Registrar Office covering Alamelu Ammal Cross Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vengathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the current market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of Alamelu Ammal Cross Street?

The current guideline value of Alamelu Ammal Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced various changes, from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreasing to Rs 871 per sq.ft in 2017. It has remained at Rs 1,300 per sq.ft in both 2023 and 2024.

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

Other streets in Vengathur with a guideline value of Rs 1,300 per sq.ft include Alamelu Ammal Street, Adhiyamaan Street, Anbazhagan Street, and Aasiriyar Street. These streets are classified under the same commercial category.

Where is the Sub Registrar Office located?

The Sub Registrar Office for Alamelu Ammal Cross Street is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. It is the office responsible for property registrations in this area.

How is stamp duty calculated for properties in Alamelu Ammal Cross Street?

Stamp duty for properties in Alamelu Ammal Cross Street is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000 at 7%.