Guideline Value for ALI NAGAR

Ali Nagar guideline value

The current guideline value of Ali Nagar, located in Thadaperumbakkam village under the Ponneri SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Ali Nagar has changed

Over the years, the guideline value for Ali Nagar has seen significant changes. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 800 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2024 revision, marking an increase of 88%.

The most recent revision in 2024 reflects a substantial rise compared to the previous year. The 2023 figure of Rs 800 per sq.ft was considerably lower than the current rate, indicating a notable adjustment in the valuation of properties in this area.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 501 per sq.ft, placing Ali Nagar's 2024 figure above that median.

• A.G.M. Green Garden: Rs 501 per sq.ft (2024)
• Aarumuga Mudaliyar Nagar Extention: Rs 600 per sq.ft (2024)
• Aam Avenue: Rs 600 per sq.ft (2024)
• Annai Abirami Nagar: Rs 501 per sq.ft (2024)
• Annamalai Nagar: Rs 600 per sq.ft (2024)
• Arumuga Mudaliar Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Ali Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ali Nagar?

The Sub Registrar Office that covers Ali Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling properties in Thadaperumbakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair valuation, which helps maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline values to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Ali Nagar?

The current guideline value of Ali Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 800 per sq.ft in 2023 to Rs 1,500 per sq.ft in 2024, marking an increase of 88%.

What is the median guideline value in Thadaperumbakkam?

The median guideline value for the 50 streets in Thadaperumbakkam is Rs 501 per sq.ft, with Ali Nagar's 2024 figure being above this median.

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

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles property registrations in Ali Nagar?

The Ponneri Sub Registrar Office handles property registrations in Ali Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.