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 street is located in Nemili_B village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Alamelu puram has changed

The guideline value for Alamelu puram has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 250 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded the guideline value at Rs 167 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%, and there has been no change from 2023 to 2024. Overall, the guideline value has seen a 50% increase from 2017 to 2024, reflecting the consistent valuation in recent years.

Guideline values in Nemili_B

The village of Nemili_B has a total of 97 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which is equal to the current figure for Alamelu puram.

• 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)
• Ambrose Garden: Rs 150 per sq.ft (2024)
• Arul Nagar: Rs 250 per sq.ft (2024)
• Asina nagar: Rs 200 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, while the registration fee at 2% would be Rs 5,000. Together, the total cost for these fees would be Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alamelu puram?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nemili_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

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 from 2023 to 2024. It increased by 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification for Alamelu puram?

Alamelu puram is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Where is the Sub Registrar Office for Alamelu puram located?

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