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. In the 2017 revision, the value was set at Rs 268 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 400 per sq.ft. The latest revision in 2024 maintained this value, showing no change from the previous year, resulting in a 49% increase from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The overall change from 2017 to 2024 is a 49% increase, reflecting the stability in the guideline value over the recent years.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,900 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 guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. 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?

The Sub Registrar Office covering 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vadakal_B. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is bought or sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the necessary fees. This ensures that all transactions are conducted fairly and transparently, adhering to the regulations set by the registration department.

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 remained at Rs 400 per sq.ft from 2023 to 2024, showing no change. However, there was a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024.

What is the land classification for Alamelumangapuram?

Alamelumangapuram is classified as Residential Class I Type - I, indicating its designation for residential use.

What are the other streets in Vadakal_B?

There are several other streets in Vadakal_B with varying guideline values. These include Amsavalli Nagar and Amsaveni Nagar at Rs 400 per sq.ft, and Colony Street at Rs 150 per sq.ft, among others.

Where can I find the Sub Registrar Office for Alamelumangapuram?

The Sub Registrar Office for Alamelumangapuram is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information through the provided link.