Guideline Value for Alphin Nagar

Alphin Nagar guideline value

The current guideline value of Alphin Nagar, located in Naduveerapattu village under the Padappai SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Alphin Nagar has changed

The guideline value for Alphin Nagar has seen several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and most recently to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was notable at 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Naduveerapattu

Naduveerapattu village has 96 streets under the Padappai SRO carrying a 2024 guideline value ranging from Rs 330 to Rs 2,500 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Alphin Nagar's 2024 figure below that median.

• Alphin Nagar Part I to III: Rs 550 per sq.ft (2024)
• A.D.K. Avenue: Rs 770 per sq.ft (2024)
• Annai Anandha Nagar: Rs 660 per sq.ft (2024)
• Annai Arul Nagar: Rs 550 per sq.ft (2024)
• Anna Street: Rs 550 per sq.ft (2024)
• Anthaiya Samy Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Alphin Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, resulting in a total of Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alphin Nagar?

The Sub Registrar Office that covers Alphin Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Naduveerapattu. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected. This value serves as a benchmark for both buyers and sellers during the transaction process.

Frequently asked questions

What is the current guideline value of Alphin Nagar?

The current guideline value of Alphin Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the median guideline value in Naduveerapattu?

The median guideline value in Naduveerapattu is Rs 660 per sq.ft, while Alphin Nagar's current value is below this median.

What are the stamp duty rates for property in Alphin Nagar?

The stamp duty rate for property transactions in Alphin Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Alphin Nagar located?

The Sub Registrar Office for Alphin Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.