Guideline Value for Alamelumangapuram

Alamelumangapuram guideline value

The current guideline value of Alamelumangapuram is Rs 400 per sq.ft, effective from 1 July 2024. This village falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Alamelumangapuram has changed

The guideline value for Alamelumangapuram has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 50 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, followed by a decrease to Rs 268 per sq.ft in 2017. The value remained at Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figure for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. Notably, there was a remarkable increase of 700% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 700%, reflecting significant changes in the valuation over the years.

Guideline values in Vadakal

In Vadakal, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Alamelumangapuram's 2024 figure above this median.

• Amsavalli Nagar: Rs 400 per sq.ft (2024)
• Amsaveni Nagar: Rs 400 per sq.ft (2024)
• Arabindo Nagar: Rs 200 per sq.ft (2024)
• Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Colony Street: Rs 150 per sq.ft (2024)
• Ganesh Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelumangapuram

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Alamelumangapuram?

The Sub Registrar Office that covers Alamelumangapuram is 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 Vadakal

The guideline value is a crucial factor in property transactions in Vadakal, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees applicable during the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during property registration. This value serves as a benchmark for property pricing in the area, influencing the overall transaction process.

Frequently asked questions

What is the current guideline value of Alamelumangapuram?

The current guideline value of Alamelumangapuram is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 50 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and remained at Rs 400 per sq.ft in 2023 and 2024.

What is the median guideline value for streets in Vadakal?

The median guideline value for streets in Vadakal is Rs 300 per sq.ft, with Alamelumangapuram's value being above this median at Rs 400 per sq.ft.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Where is the Sub Registrar Office for Alamelumangapuram located?

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