Guideline Value for Alamelu puram

Alamelu puram guideline value

The current guideline value of Alamelu puram is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Nemili village, under the Sriperumpudur Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Alamelu puram has changed

The guideline value of Alamelu puram has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 167 per sq.ft. The 2023 revision maintained the value at Rs 250 per sq.ft, and the current 2024 revision also holds the same value of Rs 250 per sq.ft, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 50%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Nemili

In Nemili, there are 66 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft. The median guideline value is Rs 250 per sq.ft, which is equal to the current rate for Alamelu puram. Below are other streets in Nemili with their respective guideline values:

• Ambedhkar Street: Rs 150 per sq.ft (2024)
• Adhi Sankara Nagar: Rs 300 per sq.ft (2024)
• Adhiparasakthi Nagar: Rs 300 per sq.ft (2024)
• Asina nagar: Rs 210 per sq.ft (2024)
• Bajanai Koil Cross Street: Rs 210 per sq.ft (2024)
• Bajanai Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelu puram

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees together to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alamelu puram?

The Alamelu puram area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Nemili, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to calculate applicable fees, including stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Alamelu puram?

The current guideline value of Alamelu puram is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017 and an increase of 50% to Rs 250 per sq.ft in 2023. The 2024 revision also holds the value at Rs 250 per sq.ft.

What is the land classification for Alamelu puram?

The land classification for Alamelu puram is Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Alamelu puram?

The Sub Registrar Office covering Alamelu puram is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How do I calculate stamp duty and registration fees?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. You can use the stamp duty and registration fee calculator for precise calculations based on your property's guideline value.