Guideline Value for Alliance Boungain Villea

Alliance Boungain Villea guideline value

The current guideline value for Alliance Boungain Villea is Rs 1,550 per sq.ft, effective from 1 July 2024. This property is located in Srinivasapuram village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Alliance Boungain Villea has changed

The guideline value for Alliance Boungain Villea has seen several revisions over the years. In 2012, the guideline value was Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in 2017. However, it increased significantly to Rs 1,400 per sq.ft in 2023, and then further rose to Rs 1,550 per sq.ft in the 2024 revision, marking an 11% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 11%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Srinivasapuram

Srinivasapuram has 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,550 to Rs 7,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Alliance Boungain Villea is below this median.

• A.D.L. Velayutham Nagar: Rs 1,550 per sq.ft (2024)
• Annai Indhra Nagar: Rs 1,550 per sq.ft (2024)
• Arumugam Nagar: Rs 2,000 per sq.ft (2024)
• Balaji Nagar Annexe: Rs 1,550 per sq.ft (2024)
• Gajalakshmi Nagar: Rs 2,000 per sq.ft (2024)
• Indira Nagar: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Alliance Boungain Villea

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total cost to Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Alliance Boungain Villea?

The Sub Registrar Office that covers Alliance Boungain Villea is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of properties in Srinivasapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Alliance Boungain Villea?

The current guideline value for Alliance Boungain Villea is Rs 1,550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,400 per sq.ft to Rs 1,550 per sq.ft in 2024, representing an overall increase of 11% over this period.

What are the other streets with similar guideline values in Srinivasapuram?

Other streets in Srinivasapuram with a guideline value of Rs 1,550 per sq.ft include A.D.L. Velayutham Nagar, Annai Indhra Nagar, Balaji Nagar Annexe, and Indira Nagar.

What fees are associated with buying property in Alliance Boungain Villea?

When purchasing property in Alliance Boungain Villea, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it serves the registration needs for properties in Alliance Boungain Villea.