Guideline Value for Alamelu Mangapuram

Alamelu Mangapuram guideline value

The current guideline value of Alamelu Mangapuram is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Ammanambakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Alamelu Mangapuram has changed

The guideline value for Alamelu Mangapuram has seen several revisions over the years. In 2007, the value was Rs 175 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it dropped to Rs 268 per sq.ft in 2017. The 2023 revision maintained the value at Rs 400 per sq.ft, which remains unchanged in the 2024 revision.

From 2017 to 2023, the value increased by 49%. The overall change from the 2007 revision to the current 2024 revision reflects a 129% increase. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ammanambakkam

In Ammanambakkam, there are 15 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 500 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Alamelu Mangapuram's 2024 figure below that median.

• Annai Abirami Nagar: Rs 500 per sq.ft (2024)
• Arunachaleeswarar Farm land: Rs 400 per sq.ft (2024)
• Babu Nagar: Rs 400 per sq.ft (2024)
• David Nagar (Phase-1): Rs 500 per sq.ft (2024)
• David Nagar (Phase-1) Extn: Rs 500 per sq.ft (2024)
• David Nagar (Phase-2): Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelu Mangapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Alamelu Mangapuram?

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

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

The guideline value is an essential factor during the registration of property transactions in Ammanambakkam. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Alamelu Mangapuram?

The current guideline value of Alamelu Mangapuram is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and has remained at Rs 400 per sq.ft in both 2023 and 2024.

What is the land classification for Alamelu Mangapuram?

The land classification for Alamelu Mangapuram is Residential Class I Type - I, indicating its designation for residential use.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Alamelu Mangapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 36,000, including stamp duty and registration fees.