Guideline Value for ALANGAR GATEWAY CITY

Alangar Gateway City guideline value

The current guideline value of Alangar Gateway City is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Vaiyavoor village, under the Madurandakam SRO, classified as Residential Special Type - II.

How the guideline value of Alangar Gateway City has changed

The guideline value for Alangar Gateway City has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 150 per sq.ft. The 2017 revision marked a decrease to Rs 100 per sq.ft, before returning to Rs 150 per sq.ft in 2012 and again maintaining that figure through to the 2023 revision.

From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 150 per sq.ft. From 2023 to 2024, there was no change, with the guideline value remaining at Rs 150 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vaiyavoor

In Vaiyavoor, there are nine streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 800 per sq.ft, with a median of Rs 200 per sq.ft. The guideline value for Alangar Gateway City is below this median.

• Guberamangala Nagar: Rs 100 per sq.ft (2024)
• Sri Bharathi Nagar: Rs 200 per sq.ft (2024)
• Sri Padmavathy Nagar: Rs 150 per sq.ft (2024)
• Sri Venkateshwara Nagar Phase-I&ii: Rs 200 per sq.ft (2024)
• Sri Venkateswara Nagar Ph I &ii: Rs 500 per sq.ft (2024)
• Sri Padhmavathy Nagar Anex: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Alangar Gateway City

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 Alangar Gateway City?

The Alangar Gateway City falls under the Madurandakam Sub Registrar Office located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Vaiyavoor. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for both parties. Buyers should be aware of the guideline value to ensure they are not overpaying, while sellers must consider it to set a reasonable selling price.

Frequently asked questions

What is the current guideline value of Alangar Gateway City?

The current guideline value of Alangar Gateway City is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 150 per sq.ft in both 2023 and 2024, after a decrease to Rs 100 per sq.ft in 2017.

What is the land classification of Alangar Gateway City?

Alangar Gateway City is classified as Residential Special Type - II, which influences its guideline value and potential uses.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% and the registration fee at 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 13,500.

Which office handles property registration for Alangar Gateway City?

The Madurandakam Sub Registrar Office is responsible for property registration in Alangar Gateway City, located at No.53, Old Taluk Office Road, Maduranthakam-603306.