Guideline Value for Alamelmangapuram

Alamelmangapuram guideline value

The current guideline value of Alamelmangapuram is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village under the Padappai SRO, and it falls under the Residential Class IV Type - II land classification.

How the guideline value of Alamelmangapuram has changed

Over the years, the guideline value of Alamelmangapuram has seen significant changes. The revision history shows that in 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose to Rs 1,500 per sq.ft in 2023 and is now Rs 1,650 per sq.ft in 2024. The register has no figure for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, followed by a 10% rise from 2023 to 2024. The overall increase from 2007 to 2024 stands at 450%, highlighting the substantial growth in the guideline value over this period.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value of Alamelmangapuram is below this median.

• Albin Garden: Rs 2,310 per sq.ft (2024)
• Albin Garden Extension: Rs 2,310 per sq.ft (2024)
• Albin Nagar: Rs 2,310 per sq.ft (2024)
• Akan Avenue Phase IV: Rs 2,800 per sq.ft (2024)
• Akan Avenue Phase III: Rs 2,800 per sq.ft (2024)
• Akan Avenue: Rs 1,770 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelmangapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alamelmangapuram?

The Sub Registrar Office that covers Alamelmangapuram is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When buyers and sellers engage in a transaction, the guideline value serves as a reference point. The stamp duty is calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alamelmangapuram?

The current guideline value of Alamelmangapuram is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft, with Alamelmangapuram's value being below this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,48,500, based on the guideline value of Rs 16,50,000.

Which office handles property registrations in Alamelmangapuram?

The Padappai Sub Registrar Office handles property registrations in Alamelmangapuram, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.