Guideline Value for ALAMELU AMMAL STREET

Alamelu Ammal Street guideline value

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

How the guideline value of Alamelu Ammal Street has changed

Over the years, the guideline value for Alamelu Ammal Street has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which significantly increased to Rs 1,300 per sq.ft in the 2012 revision. However, the value dropped by 33% to Rs 871 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,300 per sq.ft, which has remained unchanged in the 2024 revision.

The changes between revisions show a significant increase of 767% from the 2007 revision to the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO, with guideline values ranging from Rs 500 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, making Alamelu Ammal Street's 2024 figure of Rs 1,300 per sq.ft above that median.

• Alamelu Ammal Cross 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the 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 Street?

The Sub Registrar Office that covers Alamelu Ammal 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 is a crucial factor in the registration process when buying or selling property in Vengathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and duty is charged on the higher of the two. This ensures that both the government and the buyer are protected during the transaction.

Frequently asked questions

What is the current guideline value of Alamelu Ammal Street?

The current guideline value of Alamelu Ammal 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 seen various changes, with the most recent revision in 2024 maintaining the value at Rs 1,300 per sq.ft, the same as in 2023. The value increased significantly from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012 and then dropped to Rs 871 per sq.ft in 2017.

What are the stamp duty and registration fees for a property on Alamelu Ammal Street?

For a property measuring 1,000 sq.ft at the current guideline value, the total guideline value would be Rs 13,00,000. The stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles property registrations for Alamelu Ammal Street?

The Manavalanagar Sub Registrar Office handles property registrations for Alamelu Ammal Street, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for ensuring that both the buyer and the government are adequately protected, as the duty is charged on the higher of the guideline value and the sale price.