Guideline Value for ALAMELU NAGAR

Alamelu Nagar guideline value

The current guideline value of Alamelu Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Alamelu Nagar has changed

In the 2017 revision, the guideline value was set at Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision shows a further increase to Rs 330 per sq.ft, which is a 10% rise from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The current rate of Rs 330 per sq.ft is equal to the median guideline value for the 108 streets in Athipattu under the Thiruvottiyur SRO, which ranges from Rs 220 to Rs 462 per sq.ft.

Guideline values in Athipattu

In Athipattu, the guideline values for 2024 range from Rs 220 to Rs 462 per sq.ft, with the median being Rs 330 per sq.ft, which is the same as the guideline value for Alamelu Nagar. Below are the guideline values for other streets in Athipattu:

• Ambani Nagar -II: Rs 275 per sq.ft (2024)
• Amudham Colony: Rs 330 per sq.ft (2024)
• Amudha Nagar: Rs 330 per sq.ft (2024)
• Anandha Nagar: Rs 330 per sq.ft (2024)
• Andal Thirunagar: Rs 330 per sq.ft (2024)
• Annai Avenue: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total to Rs 29,700. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alamelu Nagar?

The Sub Registrar Office that covers Alamelu Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher value between the guideline value and the actual sale price is taken into account for calculating these fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Alamelu Nagar?

The current guideline value of Alamelu Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Alamelu Nagar?

Alamelu Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Alamelu Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000, leading to a stamp duty of Rs 23,100.