Guideline Value for Alamelumangapuram

Alamelumangapuram guideline value

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

How the guideline value of Alamelumangapuram has changed

Since the 2017 revision, the guideline value for Alamelumangapuram has seen a significant increase. The 2017 revision set the value at Rs 268 per sq.ft, which remained unchanged at Rs 400 per sq.ft in the 2023 revision. The 2024 revision also maintains the value at Rs 400 per sq.ft, resulting in an overall increase of 49% from 2017 to 2024.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 in the register for this street. The 2023 to 2024 revision saw no change, maintaining the value at Rs 400 per sq.ft.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which aligns with the guideline value of Alamelumangapuram.

• Adhiparasakthi Nagar: Rs 400 per sq.ft (2024)
• 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)

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 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, bringing the total 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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 information.

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

The guideline value is a crucial factor when buying or selling property in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that the transaction is compliant with local regulations. This helps maintain transparency in property transactions within the region.

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 increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024, marking an overall increase of 49% from 2017 to 2024.

What are the other streets with the same guideline value in Vadakal_C?

Other streets in Vadakal_C with the same guideline value of Rs 400 per sq.ft include Adhiparasakthi Nagar, Amsavalli Nagar, and Amsaveni Nagar.

What is the stamp duty rate for properties in Alamelumangapuram?

The stamp duty rate for properties in Alamelumangapuram is 7% of the guideline value or sale price, whichever is higher.

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.