Guideline Value for Sri Alamelumangapuram

Sri Alamelumangapuram guideline value

The current guideline value of Sri Alamelumangapuram is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Orathur village and falls under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Sri Alamelumangapuram has changed

The guideline value for Sri Alamelumangapuram has seen several revisions over the years. In 2007, the value was Rs 160 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it dropped to Rs 335 per sq.ft in 2017, before rising again to Rs 500 per sq.ft in both 2023 and the latest 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. There were no changes from 2023 to 2024, maintaining the value at Rs 500 per sq.ft. Overall, from 2007 to 2024, the increase in guideline value is 213%.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO carrying a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Sri Alamelumangapuram is equal to this median.

• Sri Agatheshwarar Nagar: Rs 896 per sq.ft (2024)
• Sri Astalakshmi Garden: Rs 500 per sq.ft (2024)
• S.R.B Avenue: Rs 500 per sq.ft (2024)
• Sri Devi Karumariyamman Nagar: Rs 500 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 500 per sq.ft (2024)
• Shruthi Garden: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Alamelumangapuram

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Duty is charged on the higher of the guideline value and the sale price. You can 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 Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO here.

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

When buying or selling property in Orathur, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is used as a basis for calculating the costs involved in the registration process, ensuring that both parties are aware of the financial implications.

The guideline value is also important for legal documentation, as it reflects the official valuation of the property. Buyers and sellers must consider this value to avoid any disputes during the registration of the property.

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, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft in both 2023 and 2024.

What is the land classification for Sri Alamelumangapuram?

Sri Alamelumangapuram is classified as Residential Special Type - II. This classification affects the guideline value and other regulatory aspects of property transactions in the area.

Where can I find the Gooduvancheri Sub Registrar Office?

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 for properties in Sri Alamelumangapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.