Guideline Value for ANDAL NAGAR

Andal Nagar guideline value

The current guideline value of Andal Nagar, located in Minjur village under the Ponneri SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under Residential Class III Type - I land classification.

How the guideline value of Andal Nagar has changed

The guideline value for Andal Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing the guideline value of Andal Nagar below this median.

• Anbalagan Nagar: Rs 440 per sq.ft (2024)
• Annai Abhirami Nagar: Rs 440 per sq.ft (2024)
• Annai Street: Rs 440 per sq.ft (2024)
• Anna Street: Rs 550 per sq.ft (2024)
• Anvitha Reddy Avenue: Rs 440 per sq.ft (2024)
• Adi Dravidar Colony: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andal Nagar?

The Sub Registrar Office that covers Andal Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

During property transactions, the guideline value may influence the sale price, as it is used to assess the applicable taxes. It is essential for both parties to understand how the guideline value impacts their financial obligations during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Andal Nagar?

The current guideline value of Andal Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 268 per sq.ft to Rs 440 per sq.ft in 2024.

What is the land classification of Andal Nagar?

Andal Nagar is classified as Residential Class III Type - I, which indicates its suitability for residential purposes.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for property in Andal Nagar?

Stamp duty for property in Andal Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 440 per sq.ft, the stamp duty would be Rs 30,800.