Guideline Value for ALAVATTAYAMMAN NAGAR

Alavattayamman Nagar guideline value

The current guideline value of Alavattayamman Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Karumbur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Alavattayamman Nagar has changed

The guideline value for Alavattayamman Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 350 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision recorded a lower value of Rs 234 per sq.ft, marking a significant increase of 50% from 2017 to 2023. The 2012 revision also had a value of Rs 350 per sq.ft, which indicates a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 350 per sq.ft.

It is important to note that there are no recorded figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Karumbur

In Karumbur village, there are 10 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 350 to Rs 600 per sq.ft, with a median value of Rs 501 per sq.ft. Alavattayamman Nagar's guideline value is below this median.

• Balaji Nagar: Rs 500 per sq.ft (2024)
• Balaji Nagar Phase-II: Rs 500 per sq.ft (2024)
• Balakirshnan Nagar: Rs 350 per sq.ft (2024)
• Goldan Royal: Rs 501 per sq.ft (2024)
• Jayamaruthi Puram: Rs 501 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Alavattayamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, leading to a total of Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alavattayamman Nagar?

The Sub Registrar Office that covers Alavattayamman Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Karumbur. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider the guideline value to ensure compliance with the legal requirements during registration.

When registering a property, the guideline value serves as a baseline for calculating the fees, ensuring that the transaction is recorded at a fair value as determined by the registration department. This process helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Alavattayamman Nagar?

The current guideline value of Alavattayamman Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft in 2023 and 2024, with a significant increase from Rs 234 per sq.ft in 2017. The value was also Rs 350 per sq.ft in 2012, indicating no overall change from 2012 to 2024.

What are the other streets in Karumbur and their guideline values?

Other streets in Karumbur have varying guideline values, with rates ranging from Rs 350 to Rs 600 per sq.ft. The median value for these streets is Rs 501 per sq.ft.

What fees are applicable when registering property in Alavattayamman Nagar?

When registering property in Alavattayamman Nagar, the applicable fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Alavattayamman Nagar?

The Sub Registrar Office for Alavattayamman Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.