Guideline Value for ANDAL NAGAR

Andal Nagar guideline value

The current guideline value for Andal Nagar, located in Kadappakkam village, under the Thiruvottiyur SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Andal Nagar has changed

The guideline value for Andal Nagar has seen several revisions over the years. In 2003, the value was set at Rs 33 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2007, marking a change of +809%. The value then rose to Rs 600 per sq.ft in 2012, which represented a +100% increase. However, from 2012 to 2017, the value decreased by -33%, settling at Rs 402 per sq.ft. The next revision in 2023 brought the value up to Rs 1,000 per sq.ft, reflecting a substantial increase of +149%. The most recent revision in 2024 has set the guideline value at Rs 1,002 per sq.ft, which shows no change from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Kadappakkam

In Kadappakkam village, there are 17 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 1,200 per sq.ft. The median value for these streets is Rs 1,002 per sq.ft, making the guideline value for Andal Nagar equal to this median.

• Andar Kuppam: Rs 1,002 per sq.ft (2024)
• Ambigeswari Nagar: Rs 1,002 per sq.ft (2024)
• Bharathi Nagar: Rs 1,002 per sq.ft (2024)
• Chelliamma N Koil Street: Rs 1,002 per sq.ft (2024)
• Harijan Colony: Rs 1,001 per sq.ft (2024)
• Kamarajpuram: Rs 1,002 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 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total to Rs 90,180. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andal Nagar?

The Sub Registrar Office that covers Andal Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kadappakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay. The guideline value is used to ensure that the transaction is recorded at a fair value, reflecting the current market conditions.

When buying or selling property, the guideline value helps in assessing the financial obligations associated with the transaction. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Andal Nagar?

The current guideline value of Andal Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 33 per sq.ft in 2003 to Rs 1,002 per sq.ft in 2024, representing an overall increase of +2936%.

What is the land classification of Andal Nagar?

Andal Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

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

The stamp duty for properties in Andal Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total cost of Rs 90,180 in stamp duty and registration fees.