Guideline Value for ALS Nagar

ALS Nagar guideline value

The current guideline value of ALS Nagar in Puthur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - V.

How the guideline value of ALS Nagar has changed

The guideline value for ALS Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. The 2023 revision brought it back up to Rs 1,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 1,100 per sq.ft.

In terms of percentage changes, the guideline value rose by 49% from 2017 to 2023, and then increased by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO, with a 2024 guideline value range from Rs 330 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which matches the guideline value of ALS Nagar.

• Aiyanar Avenue: Rs 330 per sq.ft (2024)
• Ashok Nagar: Rs 1,100 per sq.ft (2024)
• A.T.A Nagar: Rs 1,100 per sq.ft (2024)
• Chithrammal Nagar: Rs 770 per sq.ft (2024)
• Ebinezer Street: Rs 770 per sq.ft (2024)
• Eden Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in ALS Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees together Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers ALS Nagar?

The ALS Nagar area is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Puthur

The guideline value is a crucial factor in the registration process of property transactions in Puthur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the correct fees are collected based on the property's value. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of ALS Nagar?

The current guideline value of ALS Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for ALS Nagar?

ALS Nagar is classified as Residential Special Type - V, indicating its zoning for residential purposes.

What are the stamp duty rates for property in ALS Nagar?

The stamp duty for property transactions in ALS Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for ALS Nagar located?

The Tambaram Joint 1 Sub Registrar Office, which covers ALS Nagar, is located at No.26, Mes Road, East Tambaram, Chennai-600059.