Guideline Value for Alwar Thiru Nagar

Alwar Thiru Nagar guideline value

The current guideline value of Alwar Thiru Nagar, located in Nariyampakkam village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is New House Site Type -III (Approved Lay-Out).

How the guideline value of Alwar Thiru Nagar has changed

The guideline value for Alwar Thiru Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in the 2017 revision, the value was adjusted to Rs 201 per sq.ft, marking a decrease of 33%. The 2023 revision saw the value return to Rs 300 per sq.ft, and the latest 2024 revision maintains this figure, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 300 per sq.ft, indicating a 0% change. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Nariyampakkam

In Nariyampakkam, there are 17 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 600 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Alwar Thiru Nagar's 2024 figure above the median.

• Annai Indira Gandhi Salai: Rs 250 per sq.ft (2024)
• GV Nagar: Rs 600 per sq.ft (2024)
• Hindu Nagar: Rs 250 per sq.ft (2024)
• Jeya Nagar: Rs 250 per sq.ft (2024)
• Kaliamman Koil Street: Rs 250 per sq.ft (2024)
• Pallavan street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Alwar Thiru Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that 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 details.

Which Sub Registrar Office covers Alwar Thiru Nagar?

The Sub Registrar Office that covers Alwar Thiru Nagar 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 Nariyampakkam

The guideline value is a crucial factor during the registration of property transactions in Nariyampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Alwar Thiru Nagar?

The current guideline value of Alwar Thiru Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 300 per sq.ft in both 2023 and 2024. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What is the median guideline value in Nariyampakkam?

The median guideline value in Nariyampakkam is Rs 250 per sq.ft, with Alwar Thiru Nagar's value being above this median.

What are the stamp duty and registration fees for property in Alwar Thiru Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Alwar Thiru Nagar located?

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