Guideline Value for Alamelumangapuram colony

Alamelumangapuram colony guideline value

The current guideline value of Alamelumangapuram colony is Rs 601 per sq.ft, effective from 1 July 2024. This colony is located in Salamangalam village, under the Sriperumpudur Sub Registrar Office (SRO). The land classification for this area is Mixed Type - II.

How the guideline value of Alamelumangapuram colony has changed

Over the years, the guideline value of Alamelumangapuram colony has seen several revisions. The 2007 revision recorded a value of Rs 250 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 140% rise. However, the value dropped to Rs 402 per sq.ft in the 2017 revision, a decrease of 33%. The value then rose again to Rs 600 per sq.ft in 2023, and it has remained stable at Rs 601 per sq.ft in the 2024 revision, reflecting no change from the previous year.

The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register. Overall, from the 2007 revision to the 2024 revision, there has been a total increase of 140% in the guideline value.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 3,100 per sq.ft. The median guideline value is Rs 500 per sq.ft, placing Alamelumangapuram colony's 2024 figure above this median.

• Aishwarya Nagar: Rs 400 per sq.ft (2024)
• Anantham Nagar: Rs 550 per sq.ft (2024)
• Anna Nagar: Rs 500 per sq.ft (2024)
• Astro Gardens: Rs 400 per sq.ft (2024)
• Bajanai Koil street: Rs 300 per sq.ft (2024)
• Bhavani Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelumangapuram colony

For a 1,000 sq.ft plot at the current guideline value of Rs 601 per sq.ft, the total guideline value would be Rs 6,01,000. The stamp duty at 7% would amount to Rs 42,070, and the registration fee at 2% would be Rs 12,020, leading to a total of Rs 54,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Alamelumangapuram colony?

The Sub Registrar Office that covers Alamelumangapuram colony 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 Salamangalam

The guideline value is a crucial factor in property transactions in Salamangalam. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives appropriate revenue from property transactions. Buyers and sellers must be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Alamelumangapuram colony?

The current guideline value of Alamelumangapuram colony is Rs 601 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 250 per sq.ft in 2007 to Rs 601 per sq.ft in 2024, marking an overall increase of 140% since then.

What is the land classification of Alamelumangapuram colony?

The land classification for Alamelumangapuram colony is Mixed Type - II, indicating a mix of residential and commercial properties in the area.

Where can I find the Sub Registrar Office for Alamelumangapuram colony?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 6,01,000, the stamp duty at 7% would be Rs 42,070.