Guideline Value for Alamaram Street

Alamaram Street guideline value

The current guideline value of Alamaram Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Navaloor village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Alamaram Street has changed

In the 2012 revision, the guideline value for Alamaram Street was Rs 150 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023, where it was also Rs 150 per sq.ft. However, in 2017, the value had previously increased from Rs 100 per sq.ft in 2017, marking a 50% increase from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007.

As of the 2024 revision, the guideline value remains at Rs 150 per sq.ft, showing no change from the previous year. Overall, from 2012 to 2024, the guideline value has not changed, maintaining the same rate of Rs 150 per sq.ft throughout this period.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,100 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which means Alamaram Street's 2024 figure is below that median.

• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Bharathi Nagar: Rs 300 per sq.ft (2024)
• Brindavan Nagar: Rs 200 per sq.ft (2024)
• Chinnasamy Nagar: Rs 300 per sq.ft (2024)
• Dei Gratia Associates: Rs 300 per sq.ft (2024)
• Dr.Chandra City: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Alamaram Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the 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 more detailed calculations.

Which Sub Registrar Office covers Alamaram Street?

The Sub Registrar Office that covers Alamaram Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Navaloor. It serves as the minimum value for stamp duty calculations, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alamaram Street?

The current guideline value of Alamaram Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Alamaram Street has remained at Rs 150 per sq.ft since 2012, with a significant increase from Rs 100 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the median guideline value of streets in Navaloor?

The median guideline value of the 26 streets in Navaloor is Rs 300 per sq.ft. Alamaram Street's value is below this median, currently at Rs 150 per sq.ft.

What are the stamp duty and registration fees for property in Alamaram Street?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Alamaram Street?

The Sriperumpudur Sub Registrar Office handles property registrations for Alamaram Street. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.