Guideline Value for Alagappa Road

Alagappa Road guideline value

The current guideline value of Alagappa Road is Rs 1,600 per sq.ft, effective from 1 July 2024. This road is located in Oragadam village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Alagappa Road has changed

Over the years, the guideline value of Alagappa Road has seen several revisions. The earliest recorded figure is from 2003, where the rate was Rs 119 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2007, followed by a remarkable rise to Rs 1,500 per sq.ft in 2012. However, the value dropped to Rs 1,005 per sq.ft in 2017, before climbing back to Rs 1,500 per sq.ft in 2023. The current revision in 2024 sees the guideline value at Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

In terms of percentage changes, from 2017 to 2023, there was a 49% increase. The value saw a decrease of 33% from 2012 to 2017, while from 2007 to 2012, it increased by 200%. The most significant rise occurred from 2003 to 2007, with an increase of 320%. Overall, from 2003 to 2024, the guideline value has increased by 1245%. The register has no figure for the year 2002 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Alagappa Road's current guideline value below that median.

• Alagumuthuvarayan Street: Rs 1,600 per sq.ft (2024)
• Alagumuthu yadava Street: Rs 1,600 per sq.ft (2024)
• Alazhagirisamy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Agathiyar Street: Rs 1,600 per sq.ft (2024)
• Ambedkar Street(S.No.69): Rs 1,300 per sq.ft (2024)
• Adhiyaman Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Alagappa Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. 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 Alagappa Road?

The Sub Registrar Office covering Alagappa Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted at a fair and transparent value.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures that both buyers and sellers adhere to the legal requirements set forth by the registration department.

Frequently asked questions

What is the current guideline value of Alagappa Road?

The current guideline value of Alagappa Road is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 119 per sq.ft in 2003 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 1245% over this period.

What are the stamp duty and registration fees for properties on Alagappa Road?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles property registrations for Alagappa Road?

The Ambattur Sub Registrar Office handles property registrations for Alagappa Road, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai.

What is the land classification for Alagappa Road?

Alagappa Road is classified as Residential Class II Type - I, indicating its suitability for residential development.