Guideline Value for Alwin Nagar

Alwin Nagar guideline value

The current guideline value of Alwin Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Alwin Nagar has changed

Over the years, the guideline value of Alwin Nagar has seen several revisions. The 2007 revision set the value at Rs 252 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, the value then decreased by 33% to Rs 670 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,000 per sq.ft, which remains unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 297%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. Alwin Nagar's 2024 figure aligns perfectly with this median.

• Alwin Nagar Extn: Rs 1,000 per sq.ft (2024)
• Alcon Nagar: Rs 1,000 per sq.ft (2024)
• Akilandeswari Nagar Part-I: Rs 1,000 per sq.ft (2024)
• Akilandeshwari Nagar Part -II: Rs 1,000 per sq.ft (2024)
• Akilandeeswari Nagar: Rs 1,000 per sq.ft (2024)
• Aniruth Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Alwin Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alwin Nagar?

The Sub Registrar Office that covers Alwin Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alwin Nagar?

The current guideline value of Alwin Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 252 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, remained at Rs 1,000 per sq.ft in 2023, and continues at Rs 1,000 per sq.ft in 2024.

What is the classification of land in Alwin Nagar?

Alwin Nagar is classified as Residential Special Type - I, which is significant for understanding its use and potential in property transactions.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in Alwin Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.