Guideline Value for Sri Alamelumangapuram

Sri Alamelumangapuram guideline value

The current guideline value of Sri Alamelumangapuram, located in Murugamangalam village under the Gooduvancheri SRO, is Rs 500 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Alamelumangapuram has changed

Over the years, the guideline value of Sri Alamelumangapuram has seen several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 145 per sq.ft. This increased significantly to Rs 500 per sq.ft in the 2012 revision, marking a rise of 245%. However, in the 2017 revision, the value decreased to Rs 335 per sq.ft, reflecting a decline of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 500 per sq.ft, representing an increase of 49% from 2017. There are no figures available for the revisions in 2002, 2003, and 2024 for this street.

From 2007 to 2023, the overall change in the guideline value is an increase of 245%. This fluctuation in values indicates the varying assessments made by the Registration Department over the years, as documented in their guideline value register.

Guideline values in Murugamangalam

Currently, there are no specific village figures provided for Murugamangalam. The guideline value for Sri Alamelumangapuram sits at Rs 500 per sq.ft. There are no other streets in Murugamangalam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Alamelumangapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, while the registration fee at 2% would be Rs 10,000, bringing the total cost for these fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Alamelumangapuram?

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

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

The guideline value plays a crucial role when buying or selling property in Murugamangalam. It serves as a benchmark for determining the registration fees and stamp duty that are applicable during the transaction process. Buyers and sellers must consider the guideline value to ensure compliance with the legal requirements set by the Registration Department.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the fees are reflective of the official valuation of the property, thereby maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sri Alamelumangapuram?

The current guideline value of Sri Alamelumangapuram is Rs 500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 145 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and finally returned to Rs 500 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Sri Alamelumangapuram?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 35,000 and the registration fee is Rs 10,000, making a total of Rs 45,000.

Which Sub Registrar Office covers Sri Alamelumangapuram?

The Gooduvancheri Sub Registrar Office covers Sri Alamelumangapuram, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for the year 2024 for Sri Alamelumangapuram?

There is no guideline value published for Sri Alamelumangapuram for the year 2024 in the register.