Guideline Value for AANDI STREET (GRAMA NEDUNCHALAI 2ND CROSS STREET)

Aandi Street (Grama Nedunchalai 2nd Cross Street) guideline value

The current guideline value of Aandi Street (Grama Nedunchalai 2nd Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Aandi Street (Grama Nedunchalai 2nd Cross Street) has changed

The guideline value for Aandi Street has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,000 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no available figures for the street in the register. The current figure of Rs 2,200 per sq.ft aligns with the median value for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO, which also stands at Rs 2,200 per sq.ft for 2024.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, the guideline values for various streets range from Rs 1,000 to Rs 8,800 per sq.ft, with the median value being Rs 2,200 per sq.ft. Aandi Street's 2024 guideline value is equal to this median. Here are some other streets in Sholinganallur - 1:

• Aadhikesava Street(Grama Nedunchalai 3rd Cross Street): Rs 2,200 per sq.ft (2024)
• ADHITHTYA RAM Studio's: Rs 4,400 per sq.ft (2024)
• Adhiya Vikram Podar: Rs 1,700 per sq.ft (2024)
• Adikesavan Street (Village Road): Rs 2,200 per sq.ft (2024)
• Adityaram Nagar: Rs 1,700 per sq.ft (2024)
• Advant Christian Mayana Pathai: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Aandi Street (Grama Nedunchalai 2nd Cross Street)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would amount to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aandi Street (Grama Nedunchalai 2nd Cross Street)?

The Sub Registrar Office that covers Aandi Street (Grama Nedunchalai 2nd Cross Street) 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 further assistance.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the stamp duty is calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aandi Street?

The current guideline value of Aandi Street (Grama Nedunchalai 2nd Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Aandi Street has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Aandi Street?

Aandi Street is classified under Residential Class II Type - III. This classification is important for determining the permissible uses of the land.

What are the stamp duty rates for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, which can vary based on the property value.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can visit this office for registration-related queries.