Guideline Value for SRI ALAMELUMANGAPURAM

Sri Alamelumangapuram guideline value

The current guideline value of Sri Alamelumangapuram is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Chemmancheri village and falls under the Neelankarai SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Sri Alamelumangapuram has changed

The guideline value for Sri Alamelumangapuram has undergone several revisions over the years. In 2007, the value was Rs 299 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then dropped to Rs 1,005 per sq.ft in 2017. The value saw a substantial rise to Rs 1,500 per sq.ft in 2023 before reaching the current figure of Rs 1,700 per sq.ft in 2024.

Between these revisions, the changes were notable. From 2007 to 2012, there was a remarkable increase of 402%. The value then decreased by 33% from 2012 to 2017. Following that, there was a significant increase of 49% from 2017 to 2023, and the most recent change from 2023 to 2024 reflects an increase of 13%. Overall, from 2007 to 2024, the guideline value has increased by 469%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Sri Alamelumangapuram's 2024 figure at this median.

• Spic Gel Co: Rs 3,300 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,100 per sq.ft (2024)
• South Border Lane Pattai Salai: Rs 1,100 per sq.ft (2024)
• Sri Ganapathi Nagar Colony: Rs 3,300 per sq.ft (2024)
• Sri Kumaran Avenue: Rs 1,700 per sq.ft (2024)
• Sity Babu Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Alamelumangapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost for these fees to Rs 1,53,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Alamelumangapuram?

The Sub Registrar Office that covers Sri Alamelumangapuram is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chemmancheri. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property transaction occurs, the guideline value serves as a reference point to ensure that the property is registered at a value that reflects the market conditions. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Sri Alamelumangapuram?

The current guideline value of Sri Alamelumangapuram is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 299 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 469% over the years.

What is the stamp duty for properties in Sri Alamelumangapuram?

The stamp duty for properties in Sri Alamelumangapuram is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Alamelumangapuram?

The Sub Registrar Office for Sri Alamelumangapuram is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the other streets in Chemmancheri with their guideline values?

Other streets in Chemmancheri include Spic Gel Co at Rs 3,300 per sq.ft, Sri Balaji Nagar and South Border Lane Pattai Salai at Rs 1,100 per sq.ft, and Sri Ganapathi Nagar Colony at Rs 3,300 per sq.ft, among others.