Guideline Value for Alamel Avenue

Alamel Avenue guideline value

The current guideline value of Alamel Avenue is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Alamel Avenue has changed

The guideline value for Alamel Avenue has remained stable at Rs 800 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. Prior to this, the 2017 revision recorded a guideline value of Rs 536 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Alamel Avenue's 2024 figure above that median.

• Akshaya Town: Rs 1,000 per sq.ft (2024)
• A L S Nagar: Rs 700 per sq.ft (2024)
• Ahamed Moideeen Street: Rs 1,200 per sq.ft (2024)
• Agobilamada Lane: Rs 700 per sq.ft (2024)
• Adhilakshmi nagar: Rs 700 per sq.ft (2024)
• Adhikesava Perumal Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Alamel Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alamel Avenue?

The Sub Registrar Office that covers Alamel Avenue 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 Sriperumbudur A

The guideline value is an essential factor in property transactions within Sriperumbudur A, as it determines the minimum value at which a property can be registered. Buyers and sellers should be aware that the registration process will use the guideline value to calculate applicable fees and taxes.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately for legal and taxation purposes. It is crucial for both parties to understand how this value impacts their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Alamel Avenue?

The current guideline value of Alamel Avenue is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 800 per sq.ft from 2023 to 2024. From 2017 to 2023, it increased by 49% from Rs 536 per sq.ft.

What is the land classification for Alamel Avenue?

Alamel Avenue is classified as Residential Class II Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Alamel Avenue?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles property registrations for Alamel Avenue?

The Sriperumpudur Sub Registrar Office is responsible for property registrations in Alamel Avenue, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.