Guideline Value for SUMATHI AMMAL NAGAR EX-1

Sumathi Ammal Nagar Ex-1 guideline value

The current guideline value of Sumathi Ammal Nagar Ex-1 is Rs 300 per sq.ft. This property is located in Alavoor village, under the Walajabad SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sumathi Ammal Nagar Ex-1 has changed

Over the years, the guideline value of Sumathi Ammal Nagar Ex-1 has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the value was Rs 134 per sq.ft, and in 2012, it was Rs 200 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but it increased by 124% from 2017 to 2023. Overall, from 2012 to 2024, there has been a 50% increase in the guideline value.

Guideline values in Alavoor

In Alavoor, there are 7 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is also the guideline value for Sumathi Ammal Nagar Ex-1.

• Sumathi Ammal Nagar: Rs 300 per sq.ft (2024)
• S.B.K Avenue: Rs 600 per sq.ft (2024)
• Lss Sai Nagar: Rs 400 per sq.ft (2024)
• Ishwaryam Garden Sumathi Ammal Nagar Ext-2: Rs 300 per sq.ft (2024)
• Dr.A.P.J.Abdul Kalam Nagar-Phase-I: Rs 600 per sq.ft (2024)
• Classic Avenue: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sumathi Ammal Nagar Ex-1

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sumathi Ammal Nagar Ex-1?

The Sub Registrar Office that covers Sumathi Ammal Nagar Ex-1 is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Alavoor, as it determines the minimum value at which properties can be registered. This value is used to calculate stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price, which ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sumathi Ammal Nagar Ex-1?

The current guideline value of Sumathi Ammal Nagar Ex-1 is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024. It increased from Rs 134 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, marking a 124% increase.

What is the land classification for Sumathi Ammal Nagar Ex-1?

Sumathi Ammal Nagar Ex-1 is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Alavoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.