Guideline Value

Corporate

Guideline Value for Alamelumangapuram Colony Part II

₹440/sq.ft.

The guideline value for Alamelumangapuram Colony Part Ii in Navaloor village (Padappai SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Navaloor

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Alamelumangapuram Colony Part Ii

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Alamelumangapuram Colony Part II guideline value

The current guideline value of Alamelumangapuram Colony Part II is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Navaloor village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Alamelumangapuram Colony Part II has changed

The guideline value for Alamelumangapuram Colony Part II has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017, before increasing again to Rs 400 per sq.ft in 2023. The current revision in 2024 shows an increase to Rs 440 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,000 per sq.ft, with a median value of Rs 550 per sq.ft. Alamelumangapuram Colony Part II's 2024 figure is below this median.

Stamp duty and registration fee for property in Alamelumangapuram Colony Part II

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alamelumangapuram Colony Part II?

The Sub Registrar Office that covers Alamelumangapuram Colony Part II 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Navaloor. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the fees are calculated based on a standardized value for the area. This helps maintain consistency and transparency in property transactions.

Frequently asked questions

What is the current guideline value of Alamelumangapuram Colony Part II?

The current guideline value of Alamelumangapuram Colony Part II is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What are the registration fees based on the guideline value?

For a property valued at Rs 4,40,000, the stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600.

Which office handles property registrations for this area?

The Padappai Sub Registrar Office handles property registrations for Alamelumangapuram Colony Part II, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that these fees are based on a standardized value for the area.