Guideline Value for Alamelumangapuram

Alamelumangapuram guideline value

The current guideline value of Alamelumangapuram, located in Kilkattalai village under the Pallavaram SRO, is Rs 4,125 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Alamelumangapuram has changed

Over the years, the guideline value of Alamelumangapuram has seen significant changes. The 2003 revision recorded a value of Rs 297 per sq.ft, which increased to Rs 400 per sq.ft in 2007. The value then rose dramatically to Rs 3,750 per sq.ft in 2012, before falling to Rs 2,512 per sq.ft in 2017. Following this, the value surged to Rs 3,750 per sq.ft in 2023 and finally reached Rs 4,125 per sq.ft in 2024. It is important to note that there is no figure available for the year 2002 in the register for this street.

The changes between the revisions are notable. From 2003 to 2007, the guideline value increased by 35%. However, it saw a remarkable rise of 838% from 2007 to 2012. The value then decreased by 33% from 2012 to 2017, before climbing by 49% from 2017 to 2023. The most recent revision from 2023 to 2024 reflects a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 1289%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, making the 2024 figure for Alamelumangapuram above this median.

• Alamelumangapuram 1st M.Road: Rs 4,125 per sq.ft (2024)
• Alamelumangapuram,1 To 3 Streets: Rs 4,125 per sq.ft (2024)
• Alandur Main Road: Rs 4,125 per sq.ft (2024)
• Almighty Nagar: Rs 1,980 per sq.ft (2024)
• Ag's Colony Balaji Nagar 1 To 5 Streets: Rs 2,200 per sq.ft (2024)
• Ambal Nagar 1 To 24 Streets: Rs 4,125 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelumangapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 4,125 per sq.ft, the total guideline value would be Rs 41,25,000. The stamp duty at 7% would amount to Rs 2,88,750, while the registration fee at 2% would be Rs 82,500. Together, the total cost for these fees would be Rs 3,71,250. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alamelumangapuram?

The Sub Registrar Office covering Alamelumangapuram is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, within the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Kilkattalai. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers must be aware that the guideline value influences the stamp duty and registration fees applicable to the transaction.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees, ensuring that the transaction is recorded accurately. This process helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Alamelumangapuram?

The current guideline value of Alamelumangapuram is Rs 4,125 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 297 per sq.ft in 2003 to Rs 4,125 per sq.ft in 2024, reflecting an overall increase of 1289% over these years.

What is the land classification for Alamelumangapuram?

The land classification for Alamelumangapuram is Mixed Type - I, which indicates the type of usage permitted in this area.

Where can I find the Sub Registrar Office for Alamelumangapuram?

The Sub Registrar Office for Alamelumangapuram is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Alamelumangapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 41,25,000, the stamp duty would be Rs 2,88,750 at 7%.