Guideline Value for Alamelu Nagar

Alamelu Nagar guideline value

The current guideline value of Alamelu Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. Alamelu Nagar is located in Mudichur village, under the Padappai Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Alamelu Nagar has changed

The guideline value for Alamelu Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,100 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 737 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,100 per sq.ft, marking a 49% rise. The latest revision in 2024 set the guideline value at Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Alamelu Nagar's 2024 figure below this median.

• A.L.S. Greenland: Rs 1,210 per sq.ft (2024)
• A.L.S.Nagar: Rs 1,760 per sq.ft (2024)
• Ambedhkar Nagar: Rs 1,210 per sq.ft (2024)
• Ambedkar Street, S.No.72/1 Natham: Rs 3,630 per sq.ft (2024)
• Adhimoolar Street: Rs 1,210 per sq.ft (2024)
• Adhi Lakshmi Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Alamelu Nagar?

The Sub Registrar Office that covers Alamelu Nagar 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 details.

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

The guideline value plays a crucial role in property transactions in Mudichur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Alamelu Nagar?

The current guideline value of Alamelu Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,100 to Rs 1,210 per sq.ft in 2024, with notable increases and decreases in between, including a drop to Rs 737 in 2017 and a rise to Rs 1,100 in 2023.

What is the land classification for Alamelu Nagar?

The land classification for Alamelu Nagar is Residential Class II Type - I, which indicates the type of development permitted in the area.

Where can I find the registration office for Alamelu Nagar?

The registration office for Alamelu Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Alamelu Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 12,10,000 would incur a stamp duty of Rs 84,700 at 7%.