Guideline Value for ALAYATHAMMAN NAGAR

Alayathamman Nagar guideline value

The current guideline value of Alayathamman Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Padiyanallur village, under the jurisdiction of the Redhills SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Alayathamman Nagar has changed

The guideline value for Alayathamman Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Padiyanallur

Padiyanallur village has 132 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,750 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Alayathamman Nagar's 2024 figure above this median.

• Ambethkar Street: Rs 770 per sq.ft (2024)
• Anbazhagan Street: Rs 770 per sq.ft (2024)
• Anna Durai Street: Rs 770 per sq.ft (2024)
• Annai Therasa Street: Rs 770 per sq.ft (2024)
• Annamalai Street: Rs 770 per sq.ft (2024)
• Anna Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Alayathamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is essential to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alayathamman Nagar?

The Sub Registrar Office that covers Alayathamman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Padiyanallur. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on this value or the sale price, whichever is higher.

When a buyer and seller agree on a sale price, the guideline value serves as a benchmark for calculating the official fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Alayathamman Nagar?

The current guideline value of Alayathamman Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 804 per sq.ft to the current Rs 1,320 per sq.ft in 2024.

What is the land classification for Alayathamman Nagar?

The land classification for Alayathamman Nagar is Residential Special Type - I.

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

The Sub Registrar Office for Alayathamman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for property in Alayathamman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 1,18,800.