Guideline Value for ALAMELUMANGAPURAM,1 TO 3 STREETS

Alamelumangapuram,1 To 3 Streets guideline value

The current guideline value for Alamelumangapuram,1 To 3 Streets is Rs 4,125 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO, classified as Mixed Type - I.

How the guideline value of Alamelumangapuram,1 To 3 Streets has changed

The guideline value for Alamelumangapuram,1 To 3 Streets has undergone several revisions over the years. In 2012, the guideline value was Rs 3,750 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 2,512 per sq.ft, marking a decline of 33%. The value saw a significant increase in the subsequent revisions, with the 2023 revision setting it at Rs 3,750 per sq.ft, and then rising to Rs 4,125 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures for the revisions in the years 2002, 2003, and 2007 for this street.

Guideline values in Kilkattalai

In Kilkattalai, there are 194 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, placing Alamelumangapuram,1 To 3 Streets above this median at Rs 4,125 per sq.ft.

• Alamelumangapuram 1st M.Road: Rs 4,125 per sq.ft (2024)
• Alamelumangapuram: Rs 4,125 per sq.ft (2024)
• Alandur Main Road: Rs 4,125 per sq.ft (2024)
• Almighty Nagar: Rs 1,980 per sq.ft (2024)
• Ambal Nagar 1 To 24 Streets: Rs 4,125 per sq.ft (2024)
• Ag's Colony Balaji Nagar 1 To 5 Streets: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelumangapuram,1 To 3 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 4,125 per sq.ft, the total guideline value would be Rs 41,25,000. The stamp duty at 7% would amount to Rs 2,88,750, and the registration fee at 2% would be Rs 82,500, bringing the total to Rs 3,71,250. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your costs using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alamelumangapuram,1 To 3 Streets?

The Sub Registrar Office that covers Alamelumangapuram,1 To 3 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilkattalai. 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 sold, the guideline value is compared to 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 from property transactions.

Frequently asked questions

What is the current guideline value for Alamelumangapuram,1 To 3 Streets?

The current guideline value for Alamelumangapuram,1 To 3 Streets is Rs 4,125 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,750 per sq.ft in 2012 to Rs 2,512 per sq.ft in 2017, then increased to Rs 3,750 per sq.ft in 2023, and finally to Rs 4,125 per sq.ft in 2024.

What is the land classification for Alamelumangapuram,1 To 3 Streets?

The land classification for Alamelumangapuram,1 To 3 Streets is Mixed Type - I.

Where can I find the registration office for this area?

The registration office for Alamelumangapuram,1 To 3 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property with a guideline value of Rs 41,25,000, the stamp duty would be calculated accordingly.