Guideline Value for ANDAL STREET(PER)

Andal Street(Per) guideline value

The current guideline value of Andal Street(Per) in Ninna Karai village is Rs 440 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Andal Street(Per) has changed

The guideline value for Andal Street(Per) has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then changed to Rs 268 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 400 per sq.ft, and the most recent 2024 revision raised it to Rs 440 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, the value decreased by 33% from the 2012 revision to the 2017 revision. Overall, from 2012 to 2024, there has been an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the 2024 figure for Andal Street(Per) below that median.

• Anganur Street: Rs 660 per sq.ft (2024)
• Annai Indra Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Annai Jayalakshmi Nagar (Kr): Rs 990 per sq.ft (2024)
• Annai Moogambigai Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Amman Koil Street (Ward -15): Rs 660 per sq.ft (2024)
• Ambikapathi Street (Ward -7): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Street(Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty, charged at 7%, would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800. Together, the total fees would be Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andal Street(Per)?

The Sub Registrar Office that covers Andal Street(Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that these fees are calculated based on the official valuation of the property.

When a property transaction occurs, the guideline value is used to assess the applicable charges, which are mandatory for registration. Buyers and sellers must be aware of these values to ensure compliance with local regulations and to avoid any potential legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Andal Street(Per)?

The current guideline value of Andal Street(Per) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Andal Street(Per)?

Andal Street(Per) is classified as Residential Class II Type - II according to the local guidelines.

Where can I find the Sub Registrar Office for Andal Street(Per)?

The Sub Registrar Office for Andal Street(Per) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ninna Karai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.