Guideline Value for Alamelu Mangai Nagar

Alamelu Mangai Nagar guideline value

The current guideline value of Alamelu Mangai Nagar is Rs 2,000 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this region is Mixed Special Type - I.

How the guideline value of Alamelu Mangai Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 733 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2012 revision, marking an increase of 173%. However, in the 2017 revision, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The most recent revision in 2023 saw the guideline value return to Rs 2,000 per sq.ft, representing a 49% increase from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 173%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures provided for Urapakkam. Alamelu Mangai Nagar is one of the areas under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Alamelu Mangai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, making the total charges Rs 1,80,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alamelu Mangai Nagar?

The Sub Registrar Office that covers Alamelu Mangai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Urapakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Alamelu Mangai Nagar?

The current guideline value of Alamelu Mangai Nagar is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 733 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017, and returned to Rs 2,000 per sq.ft in 2023.

What is the registration office for Alamelu Mangai Nagar?

The registration office for Alamelu Mangai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Alamelu Mangai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 at 7%.

Are there any other streets in Urapakkam with guideline values?

Currently, there are no other streets in Urapakkam listed with guideline values under the Gooduvancheri SRO.