Guideline Value for Alwin Nagar

Alwin Nagar guideline value

The current guideline value of Alwin Nagar, located in Kaduvancheri village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Alwin Nagar has changed

The guideline value for Alwin Nagar has seen several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012. However, it then decreased to Rs 134 per sq.ft in 2017. The most recent revisions in 2023 and 2024 maintained the value at Rs 200 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The value remained unchanged from 2023 to 2024, indicating a stable market condition. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Kaduvancheri

Kaduvancheri village has 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Alwin Nagar's 2024 figure below that median.

• Adiparasakthi Nagar Pradhana Salai: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar Madha Koil Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar Kulakkarai Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 3rd Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 2nd Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 1st Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Alwin Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Alwin Nagar?

The Sub Registrar Office that covers Alwin Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kaduvancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Alwin Nagar?

The current guideline value of Alwin Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 50 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreasing to Rs 134 per sq.ft in 2017, and remaining at Rs 200 per sq.ft in both 2023 and 2024.

What is the land classification for Alwin Nagar?

Alwin Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the guideline values of other streets in Kaduvancheri?

Other streets in Kaduvancheri have a guideline value ranging from Rs 100 to Rs 1,500 per sq.ft, with a median value of Rs 300 per sq.ft.

Where can I find the Sub Registrar Office for Alwin Nagar?

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