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Guideline Value

Corporate

Guideline Value for ANDAL NAGAR 1 TO 5 STREET

₹1660/sq.ft.

The guideline value for Andal Nagar 1 To 5 Street in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1660 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1660 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹216 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹188 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Andal Nagar 1 To 5 Street

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Andal Nagar 1 To 5 Street guideline value

The current guideline value of Andal Nagar 1 To 5 Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village, under the Chennai South Joint I SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Andal Nagar 1 To 5 Street has changed

The guideline value for Andal Nagar 1 To 5 Street has seen significant changes over the years. In 2002, the guideline value was Rs 188 per sq.ft. This increased to Rs 216 per sq.ft in 2003, marking a 15% rise. The value saw a substantial jump to Rs 500 per sq.ft in 2007, reflecting a 131% increase. By 2012, the value reached Rs 1,500 per sq.ft, which was a 200% increase from the previous year. However, it then decreased by 33% to Rs 1,005 per sq.ft in 2017.

From 2017 to 2023, the guideline value rose significantly to Rs 1,500 per sq.ft, which is a 49% increase. The most recent revision in 2024 has set the value at Rs 1,660 per sq.ft, showing an 11% increase from the previous year. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Vanagaram

In Vanagaram village, there are 287 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median value is Rs 1,660 per sq.ft, which is equal to the current guideline value for Andal Nagar 1 To 5 Street.

Stamp duty and registration fee for property in Andal Nagar 1 To 5 Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,60,000. The stamp duty at 7% would be Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, totaling Rs 1,49,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Andal Nagar 1 To 5 Street?

The Sub Registrar Office covering Andal Nagar 1 To 5 Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process for property transactions in Vanagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

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

Frequently asked questions

What is the current guideline value of Andal Nagar 1 To 5 Street?

The current guideline value of Andal Nagar 1 To 5 Street is Rs 1,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 188 per sq.ft in 2002 to Rs 1,660 per sq.ft in 2024, reflecting an overall increase of 783% over the years.

What is the stamp duty rate for property in Andal Nagar 1 To 5 Street?

The stamp duty rate for property in Andal Nagar 1 To 5 Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Andal Nagar 1 To 5 Street located?

The Sub Registrar Office for Andal Nagar 1 To 5 Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What other streets in Vanagaram have the same guideline value?

Other streets in Vanagaram that share the same guideline value of Rs 1,660 per sq.ft include Andal Nagar 1st Street, Andal Nagar 2nd Cross Street, Andal Nagar 1st Cross Street, Andal Nagar 2nd Street, Andal Nagar 3rd Cross Street, and Andal Nagar.