Guideline Value for Alagesan Nagar

Alagesan Nagar guideline value

The current guideline value of Alagesan Nagar is Rs 3,600 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Alagesan Nagar has changed

The guideline value for Alagesan Nagar has seen several revisions over the years. In 2012, the value was set at Rs 3,300 per sq.ft, which was then revised to Rs 2,211 per sq.ft in 2017, representing a decrease of 33%. The 2023 revision brought the value back up to Rs 3,300 per sq.ft, and the most recent revision in 2024 has increased it to Rs 3,600 per sq.ft, marking a 9% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value across these streets is Rs 3,600 per sq.ft, which is the same as the current guideline value for Alagesan Nagar.

• Ambattur Kuppam: Rs 3,600 per sq.ft (2024)
• Ambattur Kuppam T.P.Scheme: Rs 3,600 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,800 per sq.ft (2024)
• Agathiar Street(Ramapuram): Rs 3,600 per sq.ft (2024)
• Amman Koil Street: Rs 1,800 per sq.ft (2024)
• Abirami Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Alagesan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees to Rs 3,24,000. It is important to note that the 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 Alagesan Nagar?

The Sub Registrar Office that covers Alagesan Nagar 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alagesan Nagar?

The current guideline value of Alagesan Nagar is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then back to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,600 per sq.ft in 2024.

What are the stamp duty and registration fees in Alagesan Nagar?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000, and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Which Sub Registrar Office covers Alagesan Nagar?

The Ambattur Sub Registrar Office covers Alagesan Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Alagesan Nagar?

Alagesan Nagar is classified as Residential Class I Type - I, indicating its designation for residential use.