Guideline Value for Uratchimandra Aluvalaga street

Uratchimandra Aluvalaga street guideline value

The current guideline value of Uratchimandra Aluvalaga street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Mambakkam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Uratchimandra Aluvalaga street has changed

Over the years, the guideline value of Uratchimandra Aluvalaga street has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft. Following this, the value increased to Rs 250 per sq.ft in the 2023 revision, maintaining the same figure in the 2024 revision. The register has no figure for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 50%. Overall, from 2012 to 2024, the guideline value has remained stable, showing no change.

Guideline values in Mambakkam

In Mambakkam, there are 39 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,418 per sq.ft. The median guideline value for these streets is Rs 305 per sq.ft, placing Uratchimandra Aluvalaga street's value below this median.

• VairaKula Street: Rs 305 per sq.ft (2024)
• TheruVeethiamman Kovil Street: Rs 275 per sq.ft (2024)
• Thabalmedu: Rs 305 per sq.ft (2024)
• Viilage Bajanai Kovil Street: Rs 305 per sq.ft (2024)
• Vinayagar Kovil Street: Rs 275 per sq.ft (2024)
• V.M.R Nagar: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in Uratchimandra Aluvalaga street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to 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 precise calculations.

Which Sub Registrar Office covers Uratchimandra Aluvalaga street?

The Uratchimandra Aluvalaga street is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mambakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Uratchimandra Aluvalaga street?

The current guideline value of Uratchimandra Aluvalaga street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most significant being a decrease from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, followed by an increase back to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Uratchimandra Aluvalaga street?

The land classification for Uratchimandra Aluvalaga street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Uratchimandra Aluvalaga street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000, leading to a stamp duty of Rs 17,500.