Guideline Value for Alagu Nagar

Alagu Nagar guideline value

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

How the guideline value of Alagu Nagar has changed

The guideline value for Alagu Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft, marking a drop of 33%. The next revision in 2023 saw a significant increase to Rs 1,500 per sq.ft, and the current 2024 revision has further increased it to Rs 1,600 per sq.ft, reflecting a 7% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a modest increase of 7%. It is important to note that the register has no figures for Alagu Nagar for the years 2002, 2003, and 2007.

Guideline values in Puthagaram

In Puthagaram village, there are 140 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft. Alagu Nagar's current guideline value is below this median.

• Annai Rajammal Nagar: Rs 1,900 per sq.ft (2024)
• Annai Rajammal Nager Annex: Rs 1,900 per sq.ft (2024)
• Arow New City: Rs 3,500 per sq.ft (2024)
• Ashok Avenue: Rs 2,200 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,900 per sq.ft (2024)
• Ayyappan Nagar Annex: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Alagu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total cost for these fees to Rs 1,44,000. 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 details.

Which Sub Registrar Office covers Alagu Nagar?

The Sub Registrar Office that covers Alagu 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 information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alagu Nagar?

The current guideline value of Alagu Nagar 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 from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Alagu Nagar?

Alagu Nagar is classified as Residential Class II Type - I.

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

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

How is stamp duty calculated for properties in Alagu Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would amount to Rs 1,12,000.