Guideline Value for ALAMELU NAGAR

Alamelu Nagar guideline value

The current guideline value of Alamelu Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village under the Thiruvottiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Alamelu Nagar has changed

The guideline value for Alamelu Nagar has seen several revisions over the years. The earliest recorded revision is from 2017, with a guideline value of Rs 134 per sq.ft. This was followed by a significant increase to Rs 200 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft, with the median being Rs 220 per sq.ft. Alamelu Nagar's 2024 figure matches this median.

• Ags Nagar: Rs 220 per sq.ft (2024)
• A.G.L. Nagar: Rs 220 per sq.ft (2024)
• Adiparasakthi Nagar: Rs 220 per sq.ft (2024)
• Angalaamman Nagar: Rs 330 per sq.ft (2024)
• Annai Rathinamani Avenue/ Nagar: Rs 220 per sq.ft (2024)
• Aringnar Anna Nagar: Rs 220 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 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total fees together to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. 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 Vallur

The guideline value plays a crucial role in property transactions in Vallur. It is the baseline value set by the government for the purpose of calculating stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of this value as it affects the total cost involved in the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Alamelu Nagar?

The current guideline value of Alamelu Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the land classification of Alamelu Nagar?

Alamelu Nagar is classified as Residential Class II Type - I under the Thiruvottiyur SRO.

What are the stamp duty and registration fees for property in Alamelu Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800.

Where is the Sub Registrar Office for Alamelu Nagar located?

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